Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the production of certain surfactants and corrosion inhibitors due to its amine and alcohol functional groups. Also employed in the formulation of specialty polymers and as a building block for organic synthesis in research laboratories. Its structure allows for easy modification, making it useful in developing active ingredients in crop protection products and therapeutic agents. Additionally, it may be used as a solvent or in catalytic roles for certain chemical reactions requiring a weak base, owing to its good water solubility.