Used as a gelling agent and thickener in industrial applications, particularly in the formulation of lubricants and greases. It helps improve thermal stability and mechanical performance under high-temperature conditions.

Also employed as a corrosion inhibitor additive in metalworking fluids due to its ability to form protective films on metal surfaces.

In some cases, it acts as a synergist in pesticide formulations, enhancing the dispersion and adherence of active ingredients.

Its low solubility in water and high melting point make it suitable for use in anhydrous systems where long-term stability is required.