Used in the production of biodegradable lubricants due to its excellent lubricating properties and environmental compatibility. It serves as a key intermediate in the synthesis of bio-based surfactants, which are utilized in cleaning and personal care products. The compound is also employed in the formulation of coatings and paints, where it enhances flexibility and durability. Additionally, it finds application in the development of plasticizers, improving the elasticity and workability of polymers. Its role in the creation of renewable chemicals supports sustainable industrial practices.