Used in cosmetics and skincare products as an emollient and skin-conditioning agent, helping to soften and smooth the skin. Commonly found in soaps, creams, and lotions due to its ability to improve texture and stability. Also serves as a precursor in the synthesis of flavor and fragrance compounds. In pharmaceuticals, it acts as a lipid anchor in protein modification, aiding in cellular signaling processes. Additionally used in the production of detergents and lubricants because of its surfactant properties.