This compound is primarily utilized in the field of biomedical research and pharmaceutical development. It serves as a key component in studying cell membrane interactions and signaling pathways, particularly those involving sphingolipids. Its structure makes it valuable for investigating lipid rafts and their role in cellular processes. Additionally, it is used in the development of drug delivery systems, where its amphiphilic nature helps in creating liposomes and other nanocarriers designed to improve the targeted delivery of therapeutic agents. Its application extends to research on cancer biology, as it aids in understanding the mechanisms of apoptosis and cellular proliferation linked to sphingolipid metabolism.