Used primarily as an intermediate in the synthesis of surfactants and emulsifiers, this chemical plays a crucial role in the production of personal care products such as lotions, creams, and shampoos. It helps stabilize formulations, ensuring a smooth texture and consistent performance. Additionally, it finds application in industrial settings as a component in lubricants and coatings, where it enhances durability and resistance to environmental factors. Its properties also make it useful in the development of specialized polymers and plasticizers, contributing to the flexibility and longevity of various plastic products.