This compound is widely used in the formulation of liposomes and other lipid-based drug delivery systems due to its amphiphilic nature, which allows it to form stable bilayers. It plays a crucial role in mimicking natural cell membranes, making it valuable for research in membrane biology and biophysics. Additionally, it is utilized in the development of vaccines and therapeutic agents, where it enhances the stability and efficacy of encapsulated drugs or antigens. Its application extends to cosmetics, where it acts as an emulsifier and skin-conditioning agent, improving the texture and absorption of skincare products.