This chemical is widely used in the formulation of industrial lubricants and metalworking fluids due to its excellent emulsifying and stabilizing properties. It helps in enhancing the performance of cutting oils, coolants, and hydraulic fluids by improving their ability to reduce friction and wear on machinery parts. Additionally, it is utilized in the production of coatings and paints, where it acts as a dispersing agent to ensure uniform distribution of pigments and other components. Its compatibility with various additives makes it a versatile ingredient in the manufacturing of specialty chemicals for diverse industrial applications.