This compound is primarily used in research and development within the field of biochemistry and biophysics. It serves as a synthetic phospholipid, commonly employed to mimic cellular membranes in experimental studies. Its applications include investigating membrane dynamics, lipid-protein interactions, and the behavior of lipid bilayers. Additionally, it is utilized in the development of liposomes for drug delivery systems, where it helps enhance the stability and efficiency of encapsulated therapeutic agents. Its role in creating model membrane systems also aids in understanding cellular processes and designing biomimetic materials.