Used primarily as a surfactant and emulsifying agent in various industrial applications. It is effective in stabilizing emulsions, particularly in the production of cosmetics and personal care products like creams and lotions. In the field of nanotechnology, it serves as a capping agent for the synthesis of nanoparticles, ensuring controlled growth and preventing aggregation. Additionally, it is utilized in the formulation of corrosion inhibitors, providing protective layers on metal surfaces. Its ability to modify surface properties makes it valuable in coatings and lubricants.