Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and cardiovascular conditions. It is also employed in the production of specialty chemicals, such as surfactants and emulsifiers, due to its ability to modify surface tension and enhance solubility in various formulations. Additionally, it finds application in the creation of polymers and coatings, where it acts as a building block to improve flexibility and adhesion properties. Its unique structure makes it valuable in organic synthesis for constructing complex molecules in research and industrial settings.