Used as an emollient and moisturizing agent in cosmetics and skincare products due to its ability to soften and smooth the skin. Acts as a surfactant and opacifying agent in shampoos and liquid soaps, improving texture and appearance. Employed in the production of biodegradable lubricants and detergents because of its favorable ester properties and renewable origin. Also serves as a fuel additive and biodiesel component, enhancing cold flow and combustion characteristics. Found in some food products as a release agent or anti-caking agent in powdered formulations. Used in research as a model compound for lipid studies and metabolic analysis.