This compound is primarily utilized in the synthesis of various organic molecules, particularly in the field of medicinal chemistry. It serves as a key intermediate in the production of quaternary ammonium compounds, which are known for their antimicrobial properties. Additionally, it is employed in the development of surfactants and detergents due to its ability to reduce surface tension. In pharmaceutical research, it is used to create drug delivery systems, enhancing the solubility and stability of active pharmaceutical ingredients. Its role in the preparation of ionic liquids also makes it valuable in green chemistry applications, where it contributes to more sustainable chemical processes.