Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure supports the development of biologically active molecules due to the presence of both amide and hydroxyl functional groups. Commonly employed in the preparation of betaine derivatives and other zwitterionic compounds used in cosmetic formulations for their moisturizing and skin-conditioning properties. Also finds use in the synthesis of specialty polymers where controlled polarity and hydrogen bonding are required.