This chemical is primarily utilized as a key intermediate in the synthesis of various surfactants and emulsifiers, which are essential in the production of personal care products like shampoos, conditioners, and skin creams. Its ability to stabilize mixtures of oil and water makes it valuable in formulating lotions and moisturizers. Additionally, it is employed in industrial applications as a corrosion inhibitor, particularly in metalworking fluids, where it helps protect machinery and tools from rust and degradation. Its properties also make it suitable for use in the textile industry as a softening agent and dyeing auxiliary, enhancing fabric quality and color retention.