This chemical is widely used as an intermediate in the synthesis of various pharmaceuticals and organic compounds. Its structure, featuring both hydroxyl and amino groups, makes it valuable for producing surfactants and emulsifiers, which are essential in personal care products like shampoos, conditioners, and lotions. Additionally, it serves as a key component in the manufacture of corrosion inhibitors, particularly in industrial applications where metal protection is critical. Its ability to act as a stabilizer and pH adjuster in chemical formulations further enhances its utility in the production of coatings, adhesives, and specialty chemicals.