Used primarily as an intermediate in the synthesis of various chemical compounds, particularly in the production of corrosion inhibitors and surfactants. It is also employed in the formulation of coatings and paints, where it helps improve adhesion and durability. Additionally, it finds application in the manufacturing of pharmaceuticals and agrochemicals, serving as a key ingredient in certain drug formulations and pesticide products. Its properties make it useful in enhancing the performance of industrial fluids and lubricants.