This chemical is widely used in the formulation of liposomes and lipid-based drug delivery systems. Its amphiphilic nature allows it to form stable bilayers, making it ideal for encapsulating therapeutic agents, enhancing their solubility, and improving targeted delivery. It is also employed in cosmetic products as an emulsifier and stabilizer, helping to maintain the integrity and texture of formulations. Additionally, it is utilized in research as a model membrane lipid to study cell membrane properties and interactions. Its biocompatibility and ability to mimic natural phospholipids make it valuable in both pharmaceutical and biotechnological applications.