Used in the production of synthetic lubricants and plasticizers, enhancing the performance and flexibility of materials. It serves as an intermediate in the synthesis of various chemicals, including flavors and fragrances, due to its ability to impart specific odor characteristics. In the polymer industry, it is utilized to modify and improve the properties of polymers, making them more durable and resistant to environmental factors. Additionally, it is employed in organic synthesis to create complex molecules for pharmaceuticals and agrochemicals. Its role in research and development is significant, particularly in studying reaction mechanisms and developing new chemical processes.