Used primarily in cosmetics and personal care products for its emollient properties, providing skin conditioning and moisturizing effects. It helps improve texture and stability in creams, lotions, and hair conditioners by acting as a thickening agent and stabilizer. Also utilized in pharmaceuticals as a sustained-release matrix in tablet formulations. Its high melting point and long-chain structure make it valuable in creating structured lipid systems and nanodelivery vehicles for controlled release of active ingredients.