Used as an emulsifier in food and pharmaceutical industries to stabilize mixtures of oil and water. Commonly found in baked goods, margarine, and processed foods to improve texture and shelf life. Also utilized in cosmetic formulations for its skin-conditioning properties. In drug delivery systems, it helps in the formation of lipid-based carriers such as liposomes and nanoemulsions, enhancing the absorption of active ingredients. Its biocompatibility makes it suitable for use in oral and topical medicinal products.