Used as a lubricant in pharmaceutical formulations to prevent ingredients from sticking to manufacturing equipment during the compression of tablets. 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 release agent in rubber and plastic manufacturing, facilitating easy removal from molds. Utilized in food processing as a glazing agent and stabilizer. Also functions as a surfactant and emulsifier in industrial applications.