Used as a lubricant and release agent in polymer processing, especially in rubber and plastic manufacturing. Helps prevent sticking during molding and extrusion processes. Also functions as a drier in paints and coatings, promoting faster curing by accelerating the oxidation of drying oils. Employed in some cosmetic formulations as a stabilizer and thickening agent. Its antimicrobial properties make it suitable for use in antimicrobial coatings and industrial preservation systems.