Used primarily as a slip and lubricating additive in plastics processing, especially in polyolefins and PVC. It reduces friction during extrusion and molding, improving melt flow and preventing sticking to metal surfaces. Also functions as a mold release agent in rubber and thermoset resins. Its polar hydroxyl group provides mild anti-static properties, while the long hydrocarbon chain ensures compatibility with non-polar polymer matrices. Commonly found in films, sheets, and molded parts where surface smoothness and processing ease are important. Additionally, it may act as a dispersing aid for pigments and fillers in polymer formulations.