This chemical is widely used in the production of synthetic lubricants and as an intermediate in the manufacture of various industrial chemicals. It plays a key role in the synthesis of high-performance additives for engine oils, enhancing their viscosity and thermal stability. Additionally, it is utilized in the creation of specialty polymers and resins, which are essential in coatings, adhesives, and sealants. Its application extends to the formulation of plasticizers, contributing to the flexibility and durability of plastics. In the petrochemical industry, it serves as a precursor for the development of other olefin derivatives, supporting the production of fuels and solvents.