It is commonly used in the formulation of skincare and cosmetic products due to its moisturizing and soothing properties. The compound helps to retain skin hydration by forming a protective barrier on the skin's surface, making it effective in products like lotions, creams, and serums. Additionally, its antioxidant properties help protect the skin from damage caused by free radicals, contributing to anti-aging benefits. It is also utilized in hair care products to improve hair texture and reduce dryness. In pharmaceutical applications, it serves as an excipient in topical medications to enhance the delivery of active ingredients and reduce skin irritation.