This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, where it serves as a key intermediate. Its structure allows it to participate in the production of active pharmaceutical ingredients (APIs) that are used in medications targeting neurological and cardiovascular conditions. Additionally, it is employed in the development of specialty chemicals, including corrosion inhibitors and surfactants, which are essential in industrial applications. Its unique properties also make it valuable in the formulation of adhesives and coatings, enhancing their performance and durability. Furthermore, it finds use in research and development for creating novel compounds with potential therapeutic or industrial applications.