Used as an emulsifier in food products to blend water and oil-based ingredients, ensuring uniform texture and stability in items like margarine, baked goods, and dairy products. Also functions as a stabilizer and thickener in cosmetics and pharmaceuticals, improving consistency and shelf life of creams, lotions, and ointments. Its emollient properties help retain moisture in skin care formulations. In industrial applications, it acts as a lubricant or release agent in plastics and resins processing.