Used as a key component in the production of biodiesel, it serves as a renewable fuel alternative to traditional diesel. It is also employed in the synthesis of various industrial lubricants, providing eco-friendly solutions with reduced environmental impact. In the cosmetics industry, it acts as an emollient and moisturizer in skincare products, enhancing skin hydration and texture. Additionally, it is utilized in research as a standard or reference compound for studying lipid metabolism and oxidative stability in biological systems. Its role in polymer chemistry includes acting as a monomer or additive to improve the flexibility and durability of synthetic materials.