This chemical is widely used in the production of thermoplastic elastomers, which are materials that combine the properties of rubber with the processability of plastics. It is commonly applied in the manufacturing of flexible components such as seals, gaskets, and soft-touch grips due to its excellent elasticity and durability. Additionally, it is utilized in the automotive industry for making parts like bumpers and interior trim, as it provides impact resistance and structural integrity. In consumer goods, it is found in products like shoe soles, toys, and household appliances, offering a balance of flexibility and strength. Its ability to be easily molded and recycled also makes it a preferred choice in various industrial applications.