This chemical is primarily utilized in the formulation of cosmetics and personal care products. It acts as an emollient, helping to soften and smooth the skin by forming a protective barrier that locks in moisture. Its properties make it suitable for use in creams, lotions, and other skincare products aimed at improving skin hydration and texture. Additionally, it is employed in the food industry as a food additive, where it serves as an emulsifier to stabilize mixtures of oil and water, enhancing the consistency and shelf life of various food products such as non-dairy creamers, margarine, and bakery items. In the pharmaceutical industry, it is used as a solubilizer or carrier for certain active ingredients, helping to improve drug absorption and efficacy. Its non-toxic nature and stability make it a versatile ingredient in cosmetic, food, and pharmaceutical applications.