Used as a clarifying agent in polymer production, particularly in polypropylene and polyethylene, to enhance transparency and reduce haze. Acts as a nucleating agent, improving the mechanical properties and processing efficiency of plastics. Also employed in the food industry as a gelling agent and stabilizer in various products. Additionally, it finds use in personal care items, such as cosmetics, to modify texture and provide stability. Its ability to form gels makes it valuable in pharmaceutical formulations for controlled drug release.