Used primarily as an emulsifier and surfactant in various industrial and cosmetic formulations. It helps stabilize mixtures of oil and water, making it valuable in the production of creams, lotions, and other personal care products. In industrial applications, it serves as a lubricant additive, improving the performance and longevity of machinery. Additionally, it is utilized in the synthesis of biodegradable plastics and coatings, contributing to environmentally friendly material development. Its properties also make it suitable for use in textile processing, where it acts as a softening agent and enhances fabric quality.