Used in organic synthesis to produce surfactants, lubricants, and corrosion inhibitors. It serves as a precursor in the manufacture of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. The compound is also employed in the production of specialty polymers and resins, enhancing their mechanical and thermal properties. Additionally, it finds application in the creation of advanced materials for coatings and adhesives, improving durability and performance. Its bifunctional nature makes it valuable in crosslinking reactions, contributing to the stability of various chemical products.