This chemical is widely used in the pharmaceutical industry as an intermediate in the synthesis of various drugs, particularly those targeting cardiovascular and central nervous system disorders. Its structure allows it to serve as a building block for creating complex molecules with therapeutic properties. In cosmetic formulations, it acts as a humectant and solvent, helping to retain moisture and improve the texture of skincare products. Additionally, it is utilized in organic synthesis for the preparation of specialty chemicals, including surfactants and emulsifiers, due to its ability to enhance solubility and stability in formulations. Its applications also extend to research and development, where it is employed in the study of chemical reactions and the development of new compounds.