Cholesterol and its derivatives play crucial roles in regulating processes of biological membranes. Langmuir monolayer can mimic a bio-membrane which can be used to investigate the molecular interaction governing the important physical phenomena. The cholesterol derivative exhibiting mesophases (CHLC molecules) was synthesized and spread at the air–water (A/W) interface to investigate the surface behavior. The monolayer exhibited a variety of surface phases such as gas, liquid expanded (LE), low density liquid like (L1) and liquid condensed (L2) phases. Treating the CHLC molecules to be rod-like, the average tilt of the molecules with respect to the surface normal in these phases are found to be different. The tilt angle decreases systematically from LE to L2 phase. The optical anisotropy of the ultrathin Langmuir-Blodgett (LB) films of CHLC molecules in these phases was measured using the surface plasmon resonance (SPR) spectroscopy. The high tilted molecules in the ultrathin LB film displayed a high value of optical anisotropy. The ultrathin film of CHLC molecules at different interfaces was investigated using Brewster angle microscopy, X-ray reflectivity (XRR), SPR spectroscopy and atomic force microscopy. This study is useful for the systems where the physical phenomena are governed by tilt of the molecules.