Used primarily as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for the preparation of various amine derivatives due to its ability to undergo hydrolysis, reduction, and condensation reactions. Its structure allows for functional group modifications that are useful in developing active ingredients in crop protection products and medicinal compounds. Additionally, it may act as a precursor in the synthesis of specialty polymers and surfactants where controlled solubility and stability are required.