Used primarily in the synthesis of specialty polymers and surfactants, this compound contributes to the production of lubricants and corrosion inhibitors due to its long hydrophobic chain. Its structure allows for esterification into plasticizers that improve flexibility and durability in coatings and elastomers. It is also employed in the development of agrochemical formulations, enhancing the dispersion and stability of active ingredients. In personal care, derivatives serve as emollients in cosmetics, providing skin conditioning properties.