This compound is primarily used in research and development within the field of lipid biochemistry. It serves as a synthetic phospholipid, often employed to study membrane dynamics and lipid bilayer properties. Its structure makes it suitable for creating model membranes, aiding in the investigation of cell membrane behavior, permeability, and interactions with proteins or other biomolecules. Additionally, it is utilized in the formulation of liposomes for drug delivery systems, where it helps encapsulate and stabilize active pharmaceutical ingredients for targeted release. Its application extends to studies involving lipid-protein interactions, membrane fusion processes, and the development of biomimetic systems.