This compound is primarily used in the field of lipid research and membrane studies. It serves as a synthetic phospholipid, often employed to mimic natural cell membranes in experimental settings. Researchers utilize it to study lipid bilayer properties, membrane dynamics, and interactions with proteins or other biomolecules. Additionally, it is used in the development of drug delivery systems, such as liposomes, due to its ability to form stable lipid structures. Its application also extends to the study of cellular signaling pathways and the role of phospholipids in biological processes.