Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and functional materials. Its structure contains both amine and alcohol functional groups, making it suitable for use in polymer modification and as a building block in the creation of complex molecules. It is also employed in the formulation of specialty surfactants and corrosion inhibitors due to its ability to interact with both polar and nonpolar systems. Additionally, it finds use in research settings for designing ligands in catalysis and in the synthesis of ion-responsive compounds.