Used primarily in cosmetic and pharmaceutical formulations as a skin conditioning agent and emollient. It helps improve the texture and spreadability of creams and lotions by enhancing lipid barrier properties. Its long hydrophobic chain allows for effective moisture retention, making it suitable in moisturizers for dry or sensitive skin. Also investigated for transdermal drug delivery systems due to its ability to interact with skin lipids and enhance permeability. Additionally, it serves as an intermediate in the synthesis of bioactive compounds with potential anti-inflammatory or neuroprotective effects.