Used as an intermediate in the synthesis of surfactants and lubricants due to its long hydrocarbon chain. Employed in cosmetic formulations as an emollient and thickening agent, providing skin conditioning properties. Also utilized in pharmaceuticals as a binder or coating agent in tablet formulations. Serves as a reference standard in chromatographic analysis of fatty alcohols. Found in some industrial waxes and polishes for its water-repellent characteristics.