Used primarily in the cosmetics and personal care industry, it acts as an emollient and skin-conditioning agent, providing a protective barrier to retain moisture. It is commonly found in lip balms, lotions, and creams due to its smooth texture and ability to enhance product stability. In industrial applications, it serves as a lubricant and waterproofing agent, often utilized in coatings, polishes, and candles. Its water-resistant properties make it suitable for use in wood and leather treatments, offering durability and protection. Additionally, it is employed in the pharmaceutical sector as an excipient in ointments and salves to improve consistency and application.