This chemical is primarily used as an intermediate in the production of various organic compounds. It plays a significant role in the synthesis of specialty chemicals, including plasticizers, lubricants, and surfactants. Additionally, it is utilized in the manufacturing of polymers and resins, contributing to the development of materials with enhanced durability and flexibility. Its application extends to the petroleum industry, where it is employed in refining processes to improve fuel quality and performance. Furthermore, it serves as a key component in the creation of adhesives and coatings, offering improved adhesion and resistance properties.