Used primarily as a lubricant additive, it enhances the performance of industrial oils and greases by reducing friction and wear in machinery. Its long carbon chain structure provides excellent thermal stability, making it suitable for high-temperature applications. It is also employed in the formulation of metalworking fluids, where it improves surface finish and extends tool life. Additionally, it acts as an emulsifier in certain cosmetic and personal care products, helping to stabilize mixtures of oil and water. In the plastics industry, it serves as a processing aid, improving the flow properties of polymers during manufacturing. Its versatility and effectiveness make it a valuable component in various industrial and consumer applications.