Beeswax is a Refineditem. It requires 1 Honeycomb to craft, and an Alchemy Engine to prototype. It can be used to craft Wax Paper, which can then be used in other recipes. If left on the ground during Summer or near a heat source, the Beeswax will melt and vanish, and cannot be retrieved. This can easily be avoided by placing it inside a Chest or Backpack.
Beeswax is a renewable item as honeycombs are renewable from the Gigantic Beehive. It can be used to preserve Giant Vegetables as decorative items.