Used primarily as an antifibrinolytic agent to prevent the breakdown of blood clots, especially in surgical settings to reduce bleeding. Commonly applied during procedures like cardiac surgery, dental operations in patients with hemophilia, and after trauma or injury where excessive fibrinolysis occurs. Also utilized in treating bleeding from fibrinolytic activity in conditions such as hyperfibrinolysis or in cases of tissue plasminogen activator (tPA) overdose. In non-medical applications, it serves as an intermediate in the synthesis of nylon-6 and other polymers, contributing to the production of fibers and plastics. Additionally, used in some cosmetic formulations for its skin-conditioning properties.