Peanut oil is extracted from Arachis hypogaea L, is a source of edible oil in the tropical region. Peanut oil has high concentration of oleic and linoleic acid. It has many industrial applications like soap, cosmetics etc.

Non-polar solvent, largely consisiting of long-chain glycerides of fatty acids, used for the delivery of lipophilic compounds.

Peanut oil has been used in the preparation of tamoxifen stock solution. It has also been used for dissolving the pesticide and fungicide compounds for in vivo study.