Used primarily as a corrosion inhibitor in various industrial applications, particularly in metalworking fluids and cooling systems. It helps to protect metal surfaces from rust and degradation, extending the lifespan of equipment. Additionally, it serves as a stabilizer in certain chemical formulations, ensuring product consistency and performance. In the pharmaceutical industry, it is employed as an intermediate in the synthesis of active pharmaceutical ingredients, contributing to the development of medications. Its properties also make it useful in the production of surfactants and emulsifiers, which are essential in cleaning products and personal care items.