Used as a stabilizer in plastics, especially in polyvinyl chloride (PVC), to prevent degradation during processing and exposure to heat and light. Acts as a lubricant in plastic and rubber manufacturing, improving flow and mold release. Employed in cosmetics and pharmaceuticals as a tabletting agent and thickener due to its water-repellent and emulsifying properties. Also functions as a corrosion inhibitor in coatings and greases, protecting metal surfaces. Commonly used in waterproofing agents and in the production of resins and polishes for its water resistance and surface-finishing qualities.