The bees store their honey in honeycombs made of beeswax and also cover the honey with beeswax. The wax keeps the honey moist. Eatable honey has been found in the pyramids in Egypt. The ancient Egyptians had covered the honey with beeswax.
The beeswax ointment protects and treats the skin and keeps it supple by preventing it from drying and cracking. It makes the skin nice and moist.
Beeswax is one of the raw materials used in cosmetics and pharmaceutical industries. As a raw material beeswax is quite expensive and partly therefore less used.