Widely used as an emulsifier in the food industry to stabilize mixtures of oil and water in products like salad dressings and baked goods. In cosmetics, it acts as a surfactant, helping to blend ingredients and improve the texture of lotions and creams. Also employed in pharmaceuticals as a solubilizing agent to enhance the delivery of active ingredients in medications. Additionally, it serves as a lubricant in industrial applications, reducing friction in machinery and improving efficiency. Its non-toxic and biodegradable nature makes it suitable for various consumer and industrial products.