Used primarily in the production of plasticizers and lubricants, this chemical enhances the flexibility and durability of plastics. It also serves as an intermediate in the synthesis of various organic compounds, including fragrances and flavors, due to its unique structure. In industrial applications, it acts as a solvent for resins and coatings, improving their application properties. Additionally, it is utilized in the formulation of specialty chemicals for the automotive and manufacturing sectors, where performance and stability are critical.