This chemical is primarily utilized in the formulation of high-performance lubricants and greases due to its unique molecular structure, which provides excellent thermal stability and resistance to oxidation. It is also employed in the production of specialty coatings, where it enhances durability and provides a protective barrier against environmental factors. Additionally, it finds application in the cosmetics industry as an emollient and skin-conditioning agent, offering smooth texture and long-lasting hydration. Its use in plasticizers and additives for polymers contributes to improved flexibility and longevity of plastic products.