Used as a biodiesel component due to its ability to reduce viscosity and improve fuel flow properties when blended with diesel. Acts as a lubricant additive in industrial applications, enhancing performance and reducing wear in machinery. Employed as an emollient and carrier in cosmetics and personal care products, providing smooth texture and aiding ingredient delivery. Utilized in the production of surfactants and detergents through chemical modification for cleaning and emulsifying purposes. Serves as a plasticizer in some polymer formulations to improve flexibility and workability. Also used as a solvent and standard in analytical chemistry for lipid studies.