This compound is primarily used in skincare and cosmetic formulations due to its ability to enhance the skin barrier function. It helps in maintaining skin hydration by reducing water loss and improving moisture retention. Additionally, it supports the repair of damaged skin by promoting the synthesis of essential lipids in the epidermis. Its anti-aging properties are also notable, as it helps to reduce the appearance of fine lines and wrinkles by restoring the skin's natural elasticity and firmness. Furthermore, it is utilized in hair care products to strengthen and protect hair strands, improving overall hair health and texture.