This chemical is primarily used as an intermediate in the synthesis of various organic compounds. It finds application in the production of plasticizers, which are added to polymers to improve their flexibility, durability, and workability. Additionally, it is utilized in the formulation of lubricants, where it helps enhance performance and reduce friction in mechanical systems. In the fragrance and flavor industry, it serves as a precursor for creating specific aromatic compounds. Its properties also make it suitable for use in the development of certain specialty chemicals, including surfactants and solvents, which are employed in industrial and household cleaning products.