Used primarily in organic synthesis, this compound serves as a building block for creating more complex molecules. It is often employed in the production of surfactants and detergents due to its ability to modify surface tension. Additionally, it finds application in the development of corrosion inhibitors, which are crucial in protecting metal surfaces in industrial settings. Its role in the synthesis of pharmaceuticals is also noteworthy, particularly in the creation of compounds with potential therapeutic effects. Furthermore, it is utilized in research laboratories for studying reaction mechanisms and developing new chemical processes.