Used primarily as a reactive diluent and plasticizer in specialty polymer formulations, this compound enhances flexibility and workability in coatings, adhesives, and sealants. Its amide and ester functionalities allow for hydrogen bonding and improved compatibility with polar matrices, making it suitable for high-performance polyurethane and epoxy systems. The long alkyl chains contribute to hydrolytic stability and low volatility, beneficial in applications requiring durability under humid or elevated temperature conditions. It also finds use in controlled-release systems and as a solubilizing agent in certain industrial formulations where low migration and extended flexibility are critical.