Widely used as a surfactant and emulsifying agent in the production of nanoparticles, particularly in the synthesis of quantum dots and metal oxides. It acts as a stabilizing agent, preventing particle aggregation and ensuring uniform size distribution. In the field of materials science, it is employed as a capping agent to control the growth and morphology of nanostructures. Additionally, it serves as a corrosion inhibitor in industrial applications, protecting metal surfaces from degradation. In the cosmetic industry, it is utilized in formulations for hair care and skin care products due to its conditioning and moisturizing properties. It also finds use in the pharmaceutical sector as an excipient in drug delivery systems.