Used primarily as a plasticizer in polymer formulations, especially in cellulose-based plastics, to improve flexibility, workability, and durability. Commonly found in coatings, adhesives, and sealants due to its ability to enhance film formation and adhesion properties. Also utilized in controlled-release pharmaceutical formulations as a biodegradable matrix former. Its moderate volatility and good solvency make it suitable for inks and lacquers. Additionally, serves as an intermediate in the synthesis of other ester compounds for industrial applications.