Used as a surfactant and surface modifier in nanomaterial synthesis, particularly in the preparation of semiconductor quantum dots and metal nanoparticles. It helps control particle growth and prevents aggregation due to its long hydrocarbon chain. Also employed as a precursor in the production of fatty amines, alcohols, and other derivatives used in lubricants, corrosion inhibitors, and agrochemicals. Serves as a high-boiling solvent or reaction medium in organic synthesis and catalysis. Used in polymerization processes to produce polymers with improved heat and water resistance. Additionally, it finds use in coatings and polymers to modify surface properties and improve water repellency, and in the cosmetics industry to enhance moisture retention and adjust product texture.