This chemical is primarily used as an intermediate in the synthesis of various polymers and resins. It plays a crucial role in the production of polyesters and polyamides, contributing to the material's durability and flexibility. Additionally, it is utilized in the manufacture of lubricants and plasticizers, enhancing the performance and longevity of industrial products. Its application extends to the cosmetics industry, where it serves as an emollient and stabilizer in personal care formulations.