I've noticed in the Chemistry Workshop I have the ability to craft Cutting Fluid:
The wiki entry is currently a little vague on details, only explaining that it can be broken down into some base parts again. So what is the use of Cutting Fluid?
The only use of Cutting Fluid I've been able to observe so far, is that it can be scrapped for Oil, which is one of the most used components you'll ever find in the wastelands, along with adhesive.
For adhesive, you have Vegetable Starch, which can be cooked in any Cooking Station.