The term 'waxy compound' refers to a type of sterol, which is a type of lipid molecule. Sterols are found in the cell membranes of all animals and plants, and they are important for maintaining the structure and integrity of the membrane. Waxy compounds are a type of sterol that is composed of long-chain fatty acids and alcohols. They are typically solid at room temperature and have a waxy texture. Waxy compounds are used in a variety of products, including cosmetics, pharmaceuticals, and food additives.