You mean the ethyl ester!
Instead of ethanol use isopropanol for the liquid phase!
Yeah ethyl ester, sorry. It would be pretty insane to use methanol as a solvent in a lotion lol. Ah yeah, I didn't think of isopropanol. Its used as a topical antiseptic so obviously it won't exhibit any toxicity when used as a lotion solvent. This answer seems too simple for the question though. Is transesterification the only probable degradant of this compound, assuming that the excipients (besides the ethanol) are inert?