This chemical is primarily utilized as a high-performance plasticizer in the production of polymers, particularly PVC, enhancing flexibility, durability, and heat stability. It is also employed in the synthesis of specialty chemicals, where it acts as an intermediate for creating complex organic compounds. In coatings, adhesives, and sealants, it improves performance by providing better adhesion and resistance to environmental factors, including heat and chemicals. Additionally, it finds use in the manufacturing of inks, dyes, and electrical insulation materials for the electronics industry, contributing to color stability, print quality, and moisture protection. Its ester groups make it valuable in organic reactions, particularly in esterification and transesterification processes.