This chemical is primarily used as an intermediate in the synthesis of specialized polymers and resins. It plays a role in enhancing the thermal stability and mechanical properties of materials, making it valuable in the production of high-performance coatings and adhesives. Additionally, it is utilized in the development of lubricants and plasticizers, where it contributes to improving flexibility and durability in various industrial applications. Its ester functionality also makes it suitable for use in organic synthesis, particularly in the creation of complex molecules for research and development purposes.