Beeswax is very useful in a wood shop. The natural beeswax polish leaves a beautiful, food-safe finish on your work and it's easy to apply. Wipe on, wait for it to dry, and polish off.
With natural beeswax, you can lubricate tools with it.
Rub it onto a screw and it'll glide into your workpiece with ease.
Some of the more popular cutting board finishes rely on bees wax as the main ingredient.
Set up a simple water bath double boiler on a stovetop and it'll melt into a clear liquid.
Add your choice of oils and other ingredients to make your own wood finish.