Primarily utilized in the field of biochemistry and biophysics, this compound serves as a key component in the study of lipid bilayers and membrane dynamics. It is often employed to create model membrane systems, enabling researchers to investigate the behavior of cell membranes under various conditions. Additionally, it plays a role in the development of liposomes, which are used for drug delivery systems due to their ability to encapsulate therapeutic agents and target specific cells or tissues. Its structural properties make it valuable in understanding the interactions between lipids and proteins, contributing to advancements in cellular biology and pharmacology.