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 cosmetic products such as soaps, creams, and lotions, improving texture and stability. Employed in the production of candles to increase hardness and control burning rate. Serves as a surfactant and emulsifier in industrial applications, including plastics and rubber processing, where it enhances mold release and improves product finish. Also utilized in food products as a release agent and thickener.