Used as a corrosion inhibitor in industrial cooling systems and metalworking fluids due to its ability to form protective films on metal surfaces. Also serves as a chemical intermediate in the synthesis of ionic liquids, particularly those used in electrochemical applications such as batteries and capacitors. Employed in the production of specialty polymers and resins where enhanced thermal stability and solubility are required. Its derivatization is utilized in pharmaceutical research for developing bioactive compounds with antimicrobial or anti-inflammatory properties. Acts as a ligand in catalytic systems for organic transformations, including coupling reactions and hydrogenation processes.