This chemical is primarily used as an intermediate in the synthesis of more complex compounds, particularly in the pharmaceutical and chemical industries. It is often employed in the production of specialized polymers and surfactants due to its unique structure, which allows for the incorporation of both hydrophilic and hydrophobic properties. Additionally, it serves as a key component in the development of certain drug delivery systems, where its chemical properties help enhance the solubility and stability of active pharmaceutical ingredients. Its applications also extend to the field of organic synthesis, where it is utilized to create functionalized molecules for research and industrial purposes.