Used primarily as a flavor and fragrance ingredient, this compound contributes creamy, waxy, and fatty notes to perfumes and cosmetic formulations. It is also employed in the food industry to impart dairy-like and coconut-like flavor characteristics in processed foods and beverages. Due to its long hydrocarbon chain, it acts as a mild emollient in topical products, helping to improve texture and skin feel. Additionally, it serves as an intermediate in the synthesis of specialty chemicals for agrochemicals and pharmaceuticals.