Used in the production of bio-based surfactants and emulsifiers due to its amphiphilic properties, making it valuable in cosmetics and personal care products. It also exhibits antibacterial and anti-inflammatory properties, aiding in the treatment of skin conditions such as acne and irritation, and is used in moisturizing creams to enhance hydration and skin repair. It serves as a precursor in the synthesis of biodegradable plastics, contributing to sustainable material development. In the pharmaceutical industry, it is utilized in drug delivery systems for its ability to enhance solubility and bioavailability of active ingredients. Additionally, it plays a role in the formulation of lubricants and coatings, improving their performance and environmental compatibility. Its applications extend to agriculture, where it is used in the development of eco-friendly pesticides and plant growth regulators.