Used as a key intermediate in the synthesis of polymers and coatings, it enhances flexibility and durability in plastic materials. This chemical is also employed in the production of adhesives, where it improves bonding strength and resistance to environmental factors. Additionally, it serves as a solvent in various industrial processes, aiding in the dissolution and mixing of other substances. Its application extends to personal care products, where it functions as an emollient, providing smoothness and moisture retention in skincare formulations. In the pharmaceutical industry, it is utilized as an excipient, helping to stabilize and deliver active ingredients effectively. Its versatility makes it valuable across multiple sectors, contributing to the development of high-performance materials and products.