Used primarily in research and development, particularly in lipid studies, to understand the behavior and properties of complex lipids. It serves as a model compound for investigating lipid metabolism and the synthesis of triglycerides in biological systems. In industrial applications, it can be utilized as a component in lubricants or coatings due to its stability and hydrophobic nature. Additionally, it may be employed in the formulation of specialty chemicals where specific triglyceride structures are required. Its role in cosmetics and personal care products is also explored for its potential emollient properties.