This chemical is primarily utilized in the synthesis of polymers and resins, where it acts as a cross-linking agent to enhance the durability and mechanical properties of the final product. It is also employed in the production of corrosion inhibitors, which are essential for protecting metal surfaces in industrial applications. Additionally, it serves as a key intermediate in the manufacture of surfactants and emulsifiers, contributing to the formulation of detergents, cleaning agents, and personal care products. Its role in organic synthesis further extends to the creation of pharmaceutical compounds and specialty chemicals, where it facilitates the development of complex molecular structures.