Used as an intermediate in the production of surfactants and emulsifiers for cosmetics and personal care products. Serves as a raw material in the synthesis of fatty acid esters used in lubricants and plasticizers. Employed in the formulation of creams and ointments due to its emollient properties, helping to retain moisture and improve texture. Also utilized in the manufacture of detergents and cleaning agents for its ability to modify surface tension. Occasionally used in controlled release systems for agrochemicals and pharmaceuticals.