This chemical is primarily used as a plasticizer and stabilizer in various polymer formulations. It enhances the flexibility and durability of plastics, making them more resistant to degradation from heat and light. It is particularly effective in PVC (polyvinyl chloride) applications, where it improves processing and extends the product's lifespan. Additionally, it is utilized in coatings and adhesives, where it contributes to better film formation and adhesion properties. Its compatibility with a wide range of polymers makes it a versatile additive in the manufacturing of industrial and consumer products.