Used primarily in the synthesis of specialty chemicals, this compound serves as an intermediate in the production of various industrial and cosmetic products. Its applications include the formulation of lubricants, where it enhances performance under high-temperature conditions. Additionally, it is utilized in the creation of surfactants and emulsifiers, which are essential in personal care products like creams and lotions. In the field of organic chemistry, it acts as a building block for more complex molecules, aiding in research and development of new materials. Its role in polymer chemistry is also notable, contributing to the development of resins and coatings with improved durability and flexibility.