Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) requiring amino alcohol functionalities. Its structure allows for incorporation into molecules that target central nervous system disorders and cardiovascular diseases. Also utilized in the preparation of specialty polymers and surfactants due to its bifunctional reactivity, enabling cross-linking or functionalization in polymer chemistry. Additionally, serves as a building block in agrochemicals for the creation of herbicides and plant growth regulators.