This chemical is widely used in the formulation of liposomes and lipid-based drug delivery systems due to its ability to form stable bilayers. It serves as a key component in creating vesicles that encapsulate therapeutic agents, enhancing their delivery to target cells. Its application is particularly significant in cancer therapy, where it helps improve the solubility and bioavailability of hydrophobic drugs. Additionally, it is utilized in research for studying membrane dynamics and interactions, as well as in the development of vaccines to enhance immune responses. Its role in cosmetics is also notable, where it acts as an emulsifier and stabilizer in various skincare products.