This chemical is widely used in the formulation of liposomes and lipid-based drug delivery systems. Its amphiphilic nature allows it to form stable bilayers, making it ideal for encapsulating drugs, genes, or other therapeutic agents. It is particularly valuable in targeted drug delivery, where it helps improve the bioavailability and stability of active compounds. Additionally, it is utilized in cosmetics and skincare products as an emulsifier and moisturizer, enhancing the texture and absorption of formulations. In research, it serves as a model phospholipid for studying membrane dynamics and interactions in biological systems.