Used primarily as an intermediate in the synthesis of surfactants and emollients for cosmetics and personal care products. It contributes to the texture and stability of creams and lotions by acting as an emulsifying agent. Also employed in the formulation of lubricants and coatings due to its long hydrocarbon chain, which imparts water-repellent and film-forming properties. In industrial applications, it serves as a raw material for producing esters used in fragrances and flavorings. Its mild nature makes it suitable for use in pharmaceuticals as a component of ointment bases.