This compound is primarily utilized in the synthesis of specialty chemicals and intermediates for various industrial applications. It serves as a key ingredient in the production of lubricants and surfactants, where its unique structure enhances performance and stability. Additionally, it is employed in the formulation of personal care products, such as cosmetics and skincare items, due to its emollient properties. In the field of organic chemistry, it acts as a building block for the development of complex molecules, including pharmaceuticals and agrochemicals. Its ester functionality also makes it suitable for use in flavor and fragrance industries, contributing to the creation of aromatic compounds.