This compound is primarily used in the field of lipid research and membrane studies. It serves as a synthetic phospholipid, mimicking natural phospholipids found in cell membranes. Researchers utilize it to create model lipid bilayers or liposomes, which are essential for studying membrane properties, interactions, and dynamics. It is also employed in drug delivery systems, where its phospholipid structure helps encapsulate and transport therapeutic agents to targeted cells. Additionally, it finds application in cosmetics and skincare formulations, acting as an emulsifier or stabilizer to improve product texture and stability. Its biocompatibility makes it suitable for use in various biomedical and industrial applications.