This compound is primarily used as a plasticizer in the production of polymers and resins, enhancing their flexibility and durability. It is also employed in the formulation of adhesives and coatings, where it improves the material's performance and stability under various conditions. Additionally, it finds application in the synthesis of specialty chemicals, contributing to the development of products with specific desired properties. Its role in the manufacturing of synthetic lubricants is notable, where it helps in reducing friction and wear in mechanical systems.