This compound is widely used in research and development within the field of lipid biochemistry. It serves as a model phospholipid in studies focusing on membrane structure and function, helping scientists understand lipid bilayer dynamics and interactions. Additionally, it is utilized in the formulation of liposomes and other drug delivery systems, where its properties enhance stability and biocompatibility. It also finds application in the development of surfactants and emulsifiers for industrial and cosmetic products, improving texture and performance.