This compound is commonly used in biological and medical research, particularly for studying cell mechanisms and intracellular signaling processes. Additionally, it is primarily employed in cosmetic and skincare formulations due to its ability to enhance skin barrier function and moisture retention. It is often incorporated into moisturizers, anti-aging creams, serums, and hair care products to improve skin elasticity, reduce the appearance of fine lines and wrinkles, strengthen hair fibers, and provide a conditioning effect. Some studies indicate its potential as a component in cosmeceuticals for anti-aging and skin restoration. Its role in mimicking natural skin lipids makes it a valuable ingredient for restoring and maintaining healthy skin and hair.