Used as a lubricant in pharmaceutical formulations to prevent ingredients from sticking to manufacturing equipment during tablet or capsule production. Acts as a softening agent in cosmetics, helping to provide a smooth texture in creams, lotions, and makeup. Serves as a hardening agent in candle making when combined with other waxes, improving structural integrity and burn time. Employed in the production of soaps and detergents due to its ability to form stable lather and emulsify oils. Functions as a release agent in rubber and plastic manufacturing, facilitating easy removal of molded products. Also utilized in food products as a stabilizer or emulsifier, particularly in candies and chewing gum.