Used primarily as a lubricant and release agent in polymer processing, especially in the production of polyolefins like polyethylene and polypropylene. It helps prevent sticking during molding and extrusion by reducing friction between the polymer melt and processing equipment. Also acts as an anti-blocking agent in plastic films, improving slip characteristics and preventing layers from adhering to each other. Its long hydrocarbon chain provides excellent compatibility with non-polar polymers, enhancing dispersion and performance at elevated temperatures. Additionally, it finds use in coatings and inks to improve surface smoothness and scratch resistance.