This compound is widely used in the formulation of liposomes, which are lipid-based vesicles employed for drug delivery systems. Its amphiphilic nature allows it to form stable bilayers, making it ideal for encapsulating therapeutic agents, including small molecules, proteins, and nucleic acids. It is particularly useful in targeted cancer therapies, where liposomes can deliver drugs directly to tumor cells while minimizing damage to healthy tissues. Additionally, it is utilized in vaccine development to enhance the immune response by acting as an adjuvant. In cosmetic applications, it serves as an emulsifier and stabilizer in skincare products, improving texture and moisture retention. Its biocompatibility and ability to mimic natural cell membranes also make it valuable in research for studying membrane dynamics and interactions.