Used primarily as an intermediate in the synthesis of various chemical compounds. It plays a role in the production of plasticizers, which are added to plastics to increase their flexibility and durability. Additionally, it is utilized in the formulation of lubricants and surfactants, enhancing their performance in industrial applications. Its properties make it suitable for use in the creation of specialty chemicals, including those used in coatings and adhesives, where it contributes to improved adhesion and stability.