This chemical is primarily used as a plasticizer in the production of polymers and resins, enhancing their flexibility and durability. It is also employed in the formulation of adhesives and coatings, where it improves adhesion and film-forming properties. Additionally, it finds application in the synthesis of specialty chemicals, serving as an intermediate in the production of various industrial compounds. Its role in stabilizing and modifying material properties makes it valuable in manufacturing processes across multiple industries.