Used primarily as an intermediate in organic synthesis and as a plasticizer in polymer formulations. It helps improve flexibility and workability of plastics, especially in low-temperature applications. Also employed in the production of lubricants and surfactants due to its stability and hydrophobic nature. In cosmetics, it acts as an emollient and skin-conditioning agent, providing a smooth texture in creams and lotions. Its ester structure makes it useful in fragrance formulations, where it contributes to scent retention and stability.