Used primarily as a plasticizer in polymer formulations to improve flexibility and workability of plastics. Enhances the durability and elasticity of coatings, adhesives, and synthetic rubbers. Commonly applied in the production of cellulose-based films and resins due to its compatibility and stabilizing properties. Also serves as an intermediate in the synthesis of other esters and organic compounds used in industrial applications. Its hydrophobic nature makes it suitable for moisture-resistant coatings and sealants.