Used as an emulsifier and solubilizer in pharmaceutical and cosmetic formulations. Enhances the absorption of poorly water-soluble drugs by promoting self-emulsification in the gastrointestinal tract, making it valuable in oral lipid-based drug delivery systems. Commonly found in softgel capsules and liquid dosage forms to improve bioavailability. In topical products, helps stabilize emulsions and provides a non-greasy feel while supporting skin penetration of active ingredients. Also utilized in food and dietary supplements for its ability to disperse oils in aqueous environments without forming large droplets.