Used primarily as an emollient and conditioning agent in cosmetics and personal care products, providing smoothness and softness to skin and hair. Serves as a lubricant in industrial applications and functions as a plasticizer to improve flexibility in polymer systems. Also utilized as a biodiesel component due to its ester content, contributing to fuel stability and combustion properties. Acts as a surfactant and emulsifier in formulations requiring oil-water stabilization. Commonly found in soaps, creams, and lotions for its moisturizing effects.