Bis(2-ethylhexyl)phosphate is widely used as an extractant in hydrometallurgical processes for the separation and purification of metal ions, particularly rare earth elements, uranium, and other valuable metals. Its ability to selectively bind with specific metal ions makes it valuable in solvent extraction techniques. Additionally, it serves as a corrosion inhibitor in industrial applications, protecting metal surfaces from degradation in harsh environments. It is also employed as a plasticizer in certain polymers, enhancing flexibility and durability. Furthermore, it finds use in the formulation of lubricants and surfactants, contributing to improved performance in various industrial and chemical processes.