Used as a surfactant and emollient in cosmetics and personal care products such as lotions, creams, and hair conditioners due to its ability to soften skin and stabilize formulations. Acts as a lubricant in industrial applications and serves as a precursor in the production of plasticizers, detergents, and surfactants. Also employed as a solvent and modifier in coatings, inks, and textile processing to improve flow and reduce surface tension. Its long hydrocarbon chain makes it effective in controlling viscosity and enhancing water resistance in various formulations. Additionally, in the pharmaceutical industry, it functions as a carrier or aids in the controlled release of active ingredients in specific drug formulations.