This compound is primarily utilized in biochemical research to study cellular processes, particularly those involving sphingolipid metabolism. It serves as a precursor for synthesizing more complex sphingolipids, which are crucial for understanding cell signaling, membrane structure, and apoptosis. Researchers use it to investigate the role of sphingolipids in cancer, inflammation, and neurodegenerative diseases. Additionally, it is employed in the development of lipid-based drug delivery systems, enhancing the efficacy and targeting of therapeutic agents. Its applications also extend to studying lipid rafts and their function in cellular communication and protein sorting.