This chemical is widely used in the production of chelating agents, which are essential in water treatment processes to bind and remove metal ions, preventing scale formation and corrosion in industrial systems. It also serves as a key intermediate in the synthesis of various pharmaceuticals, particularly those targeting cardiovascular and neurological disorders. In the polymer industry, it is utilized to modify resins and adhesives, enhancing their durability and bonding properties. Additionally, it finds application in the manufacture of surfactants and corrosion inhibitors, which are critical in maintaining the efficiency of machinery and equipment in harsh environments. Its versatility makes it valuable in research and development for creating advanced materials with tailored properties.