Used as an emulsifier and plasticizer in food and pharmaceutical industries. Enhances texture and stability in food products, especially in low-fat formulations. Common in dietary supplements for its slow-release energy properties due to gradual hydrolysis. Also serves as a carrier for fat-soluble vitamins and active ingredients in medicines. Used in biodegradable plastics and coatings due to its natural origin and low toxicity. Employed in flavor and fragrance formulations as a solvent and blending agent.