Used as an intermediate in the production of plasticizers, which enhance the flexibility and durability of plastics. It is also employed in the synthesis of lubricants, contributing to smoother operation and reduced friction in machinery. In the fragrance industry, it serves as a component in creating specific scents for perfumes and cosmetics. Additionally, it acts as a solvent in various industrial applications, aiding in the dissolution of other substances. Its role in chemical reactions as a building block further highlights its versatility in organic synthesis.