Used as a corrosion inhibitor in oil and gas production, especially in acidic environments. It helps protect metal surfaces in pipelines and equipment from acid attack during acidizing operations in oil wells. Also serves as an intermediate in the synthesis of surfactants and agrochemicals. Its structure allows for strong adsorption on metal surfaces, forming a protective film. Additionally, it is employed in the formulation of lubricants and metalworking fluids to enhance performance and extend equipment life.