Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of surfactants and detergents. Its long alkyl chain makes it valuable in creating compounds that improve the wetting, emulsifying, and dispersing properties of various formulations. Additionally, it is employed in the synthesis of quaternary ammonium compounds, which are widely used as biocides, fabric softeners, and corrosion inhibitors. In research, it serves as a building block for the development of more complex organic molecules, particularly in the study of lipid bilayers and membrane mimetics. Its application extends to the pharmaceutical industry, where it is utilized in the preparation of active pharmaceutical ingredients (APIs) and other specialized chemicals.