This chemical is primarily used as a plasticizer in the production of polymers, enhancing flexibility and durability in materials like PVC. It is also employed in the synthesis of specialty chemicals, including lubricants and adhesives, where it improves performance and stability. In the pharmaceutical industry, it serves as an intermediate in the manufacture of certain drugs, contributing to controlled release and solubility properties. Additionally, it finds application in coatings and resins, providing improved resistance to heat and chemicals. Its role in these industries highlights its versatility in modifying material properties for specific functional requirements.