Why can't we create new vector multiplications like:
$$\vec{A}\odot\vec{B}=|A||B|\sin \theta$$
and
$$\vec{A}\otimes\vec{B}=AB\cos \theta \, \hat{p}$$
where $\hat{p}$ is a unit vector perpendicular to vectors $\vec{A}$ and $\vec{B}$.
Why don't we get any physical quantities from such vector multiplication?