Used as an intermediate in the synthesis of various pharmaceuticals, particularly in the production of drugs targeting the central nervous system. It is also employed in the manufacture of surfactants and corrosion inhibitors, which are essential in industrial applications. Additionally, it serves as a precursor in the creation of chelating agents, which are utilized in water treatment processes to remove metal ions. Its role in organic synthesis extends to the production of polymers and resins, contributing to material science advancements.