Used primarily as a plasticizer and stabilizer in the production of polymers, this chemical enhances flexibility and durability in materials like PVC. It is also employed in the formulation of adhesives and sealants, where it improves bonding strength and resistance to environmental factors. In the coatings industry, it acts as a flow control agent, ensuring smooth application and even film formation. Additionally, it finds use in the synthesis of specialty chemicals, contributing to the development of high-performance materials in various industrial applications.