Used as a flame retardant in various polymers, including polyesters and polyurethanes, to enhance fire safety in textiles, electronics, and construction materials. It also acts as a plasticizer, improving flexibility and durability in PVC products. Additionally, it finds application in lubricants and hydraulic fluids due to its thermal stability and anti-wear properties. In the electronics industry, it is utilized in circuit boards and insulation materials to prevent overheating and fire hazards. Its compatibility with other additives makes it a versatile component in formulations requiring both flame resistance and material performance.