Used as an emollient and moisturizing agent in cosmetics and skincare products due to its ability to soften and smooth the skin. Acts as a solvent and carrier for other active ingredients in topical formulations. Employed in pharmaceuticals as a binder or plasticizer in tablet and capsule manufacturing. Serves as a component in food products to improve texture and stability, functioning as an emulsifier. Also investigated as a starting material in the production of bio-based lubricants and surfactants.