Used as a key intermediate in the synthesis of specialty polymers and resins, enhancing their flexibility and durability. It is also employed in the production of plasticizers, which improve the workability and pliability of plastics. In the coatings industry, it serves as a building block for high-performance polyurethane coatings, providing excellent adhesion and resistance to abrasion. Additionally, it finds application in the formulation of adhesives, contributing to their strength and stability. Its role in the creation of lubricants and hydraulic fluids is notable for improving viscosity and thermal stability.