Used as a solvent and plasticizer in coatings, adhesives, and resins due to its low volatility and good solvency. Employed in the fragrance industry as a carrier or fixative in perfumes and scented products. Serves as an intermediate in organic synthesis, particularly in the production of pharmaceuticals, agrochemicals, and polyesters. Also investigated as a fuel additive and biodiesel component because of its favorable combustion properties and biodegradability.