Used extensively in the production of soaps and detergents, it acts as a key ingredient in saponification processes. In agriculture, it serves as a pH regulator in soil to optimize conditions for plant growth. It is also employed in the chemical industry for manufacturing various potassium compounds. Additionally, it plays a crucial role in the food industry for cleaning and processing equipment, ensuring hygiene and safety standards are met. In water treatment, it helps in adjusting pH levels and removing heavy metals from wastewater. Furthermore, it is utilized in the production of biodiesel as a catalyst in the transesterification process.