Used as a reactive diluent and crosslinking agent in polymer formulations, particularly in epoxy resins and UV-curable coatings. Enhances flexibility and adhesion while maintaining low volatility due to its long aliphatic chain and ester functionality. Commonly applied in coatings, adhesives, and composite materials where improved toughness and processability are required. Also investigated as a plasticizer in specialty polymers to improve impact resistance without significant loss in thermal stability.