Cholesteryl acetate is widely used in the cosmetic and skincare industry as an emollient and stabilizer. It helps to improve the texture and consistency of creams, lotions, and ointments, providing a smooth and soft feel to the skin. Additionally, it is utilized in the formulation of lipsticks and other makeup products to enhance their spreadability and longevity.

In the pharmaceutical sector, cholesteryl acetate serves as an excipient in drug delivery systems, aiding in the controlled release of active ingredients. It is also employed in the production of cholesterol-based membranes for research purposes, particularly in studies related to cell biology and membrane dynamics.

Furthermore, cholesteryl acetate finds application in the manufacturing of liquid crystals, which are essential components in display technologies such as LCD screens. Its role in stabilizing liquid crystal phases contributes to the efficiency and performance of these devices.