Used primarily as an emulsifier and stabilizer in food products, helping to maintain consistency and prevent separation in items like margarine, baked goods, and processed foods. Also serves as a texturizing agent in cosmetics and personal care products, contributing to the smoothness and spreadability of creams, lotions, and makeup. In pharmaceuticals, it functions as a binder and lubricant in tablet and capsule manufacturing. Its stability and low reactivity make it suitable for use in various industrial applications, including as a component in lubricants and plasticizers.