Used in various industries due to its versatile properties. In pharmaceuticals, it serves as a base for ointments, creams, and suppositories, enhancing drug delivery and stability. In cosmetics, it acts as a moisturizer and emulsifier, improving texture and consistency. In the industrial sector, it is utilized as a lubricant, antifoaming agent, and coolant in metalworking and manufacturing processes. Additionally, it is employed in the production of adhesives, coatings, and sealants, providing flexibility and durability. Its biocompatibility also makes it suitable for use in medical devices and tissue engineering applications.