Widely used in the production of soaps, detergents, and cosmetics due to its ability to act as a surfactant and emulsifying agent. It is a key ingredient in many personal care products like creams, lotions, and shampoos, providing texture and stability. In the food industry, it serves as a food additive, often used as a coating or glazing agent to enhance the appearance and shelf life of products. Additionally, it is utilized in the manufacturing of candles, lubricants, and plastics, where its saturated fatty acid structure contributes to hardness and durability. In industrial applications, it is employed as a raw material for producing esters and other derivatives used in various chemical processes.