This compound is primarily used in the synthesis of surfactants and emulsifiers due to its amphiphilic nature, making it effective in stabilizing mixtures of oil and water. It is often employed in the formulation of personal care products, such as shampoos and conditioners, where it helps to improve texture and consistency. Additionally, it finds application in the development of pharmaceutical delivery systems, particularly in enhancing the solubility and bioavailability of poorly water-soluble drugs. Its ability to form micelles also makes it useful in industrial cleaning agents and detergents, where it aids in the removal of grease and dirt.