Used primarily as a lubricant and release agent in polymer processing, especially in polyolefin manufacturing. It helps prevent sticking during extrusion and molding by reducing surface friction. Also functions as a slip additive in plastic films, improving handling and processing efficiency. Its thermal stability makes it suitable for high-temperature operations. Additionally, it acts as a dispersing agent in pigment and filler masterbatches, enhancing uniformity in color and composition. Commonly found in industrial coatings and adhesives to modify surface properties and improve flow characteristics.