This compound is primarily used in research and development within the field of biochemistry and biophysics. It serves as a model lipid in studies of membrane behavior and dynamics, helping scientists understand the properties of lipid bilayers and their interactions with proteins and other molecules. Additionally, it is utilized in the formulation of liposomes and other drug delivery systems, where its structural properties enhance stability and control release mechanisms. Its applications also extend to the study of enzyme kinetics, particularly those involving phospholipases, due to its specific structure that mimics natural phospholipids.