Used as a plasticizer in the production of polymers and resins, enhancing flexibility and durability. It is also employed in the synthesis of specialty chemicals, including fragrances and pharmaceuticals, where it acts as an intermediate. In coatings and adhesives, it improves performance by increasing elasticity and adhesion properties. Additionally, it serves as a solvent in various industrial processes, aiding in the dissolution of other substances. Its stability and compatibility with other chemicals make it valuable in formulations requiring controlled release or specific physical characteristics.