Primarily used in the synthesis of various organic compounds, this chemical serves as a key intermediate in the production of specialty chemicals. It is often employed in the manufacturing of surfactants, which are essential in cleaning products, personal care items, and industrial applications. Additionally, it plays a role in the creation of lubricants and corrosion inhibitors, enhancing the performance and longevity of machinery and equipment. In the field of agrochemicals, it contributes to the development of pesticides and herbicides, aiding in crop protection and yield improvement. Its versatility also extends to the pharmaceutical industry, where it is utilized in the synthesis of active pharmaceutical ingredients (APIs) for various medications.