Used primarily as a flame retardant and plasticizer in various industrial applications. It is commonly added to polymers and resins to improve flexibility and reduce flammability, especially in coatings, adhesives, and sealants. Frequently found in automotive and construction materials due to its effectiveness in enhancing fire resistance. Also used in some electronic enclosures and textiles where moderate flame protection is required. Exhibits good compatibility with a range of organic solvents and binders, making it suitable for use in solvent-based systems.