Used in the food industry as an emulsifier and stabilizer to improve texture and consistency in products like margarine, spreads, and baked goods. It helps blend ingredients that typically separate, ensuring a smooth and uniform product. In cosmetics, it acts as a skin-conditioning agent, providing moisture and enhancing the feel of creams and lotions. Additionally, it is utilized in pharmaceuticals as an excipient to improve the delivery and absorption of active ingredients in medications. Its versatility makes it valuable across multiple industries for enhancing product performance and quality.