Used primarily as an intermediate in the synthesis of specialty chemicals, particularly in the production of lubricant additives. It enhances the performance of lubricants by improving their thermal stability and reducing friction. Also employed in the development of corrosion inhibitors, where it helps protect metal surfaces from degradation. In industrial applications, it serves as a key component in the formulation of coatings and adhesives, providing improved durability and resistance to environmental factors. Additionally, it finds use in research and development for creating novel materials with specific mechanical and chemical properties.