This chemical is widely used in research and development within the field of lipid biochemistry. It serves as a key component in the creation of model membranes, helping scientists study membrane structure, dynamics, and interactions with proteins or drugs. Its amphiphilic nature makes it valuable for forming liposomes, which are utilized in drug delivery systems to improve the targeted transport of therapeutic agents. Additionally, it is employed in studies focusing on lipid-protein interactions, aiding in the understanding of cellular signaling pathways and membrane-associated processes. Its role in mimicking natural phospholipids also makes it useful in developing biocompatible materials for medical and industrial applications.