This compound is widely used in research and development within the field of lipid biochemistry. It serves as a model phospholipid in studies focusing on membrane dynamics, lipid bilayer formation, and interactions with proteins or other biomolecules. Its application extends to the development of liposomes and other drug delivery systems, where it helps in understanding encapsulation efficiency and stability. Additionally, it is utilized in the study of lipid metabolism and signaling pathways, providing insights into cellular processes and potential therapeutic targets.