Used as an emulsifier and stabilizer in cosmetic and personal care formulations such as creams, lotions, and soaps. It helps blend water and oil components effectively, ensuring a uniform texture. Also functions as a surfactant in cleansing products, aiding in the removal of dirt and grease from skin and hair. Its mild nature makes it suitable for use in sensitive skin formulations. Additionally, it can act as a corrosion inhibitor in some industrial applications and is occasionally used in the production of lubricants and greases.