This chemical is widely used in the formulation of liposomes and other lipid-based drug delivery systems due to its ability to form stable bilayers. It serves as a key component in creating nanoparticles for targeted drug delivery, enhancing the solubility and bioavailability of poorly water-soluble drugs. Additionally, it is utilized in the development of vaccines as an adjuvant to improve immune responses. In the cosmetic industry, it is incorporated into skincare products for its emulsifying properties, helping to stabilize formulations and improve texture. It is also employed in research as a model phospholipid to study membrane interactions and lipid behavior in biological systems.