Used in research to study cell membrane structure and function, particularly in understanding lipid rafts and their role in cell signaling. It serves as a model compound for investigating sphingolipid metabolism and its implications in diseases like cancer and neurodegenerative disorders. Additionally, it is employed in the development of lipid-based drug delivery systems due to its ability to mimic natural cell membranes. In cosmetic formulations, it acts as a skin-conditioning agent, enhancing moisture retention and barrier function.