This compound is primarily used in research and development within the field of lipid biochemistry. It serves as a synthetic phospholipid, aiding in the study of lipid membranes and their interactions with proteins or other biomolecules. Its application extends to the development of liposomes and other drug delivery systems, where it helps in understanding membrane dynamics and stability. Additionally, it is utilized in enzymatic assays to investigate the activity of phospholipases and other lipid-modifying enzymes. Its role in mimicking natural phospholipids makes it valuable for studying cellular signaling pathways and membrane-associated processes.