This chemical is primarily used in the development of advanced drug delivery systems, particularly in the formulation of liposomes. Its unique structure allows it to enhance the stability and efficiency of liposomal carriers, making it valuable for targeted drug delivery in cancer therapies and other medical treatments. Additionally, it is employed in research related to membrane biology, where it serves as a model compound to study lipid interactions and membrane dynamics. Its cyclic phosphate group also makes it useful in the synthesis of specialized phospholipids for biochemical studies.