Used primarily as an intermediate in the synthesis of various organic compounds, particularly in the production of corrosion inhibitors, surfactants, and emulsifiers. It is also employed in the formulation of lubricant additives, which enhance the performance and longevity of industrial machinery. Additionally, this chemical finds application in the manufacture of rubber chemicals, where it acts as a stabilizer or accelerator. Its properties make it suitable for use in the pharmaceutical industry as a building block for certain active ingredients. In agrochemicals, it serves as a precursor in the development of pesticides and herbicides.