This chemical is primarily used as an intermediate in the synthesis of various pharmaceutical compounds. It plays a crucial role in the production of drugs that target neurological disorders, due to its ability to modify and enhance the activity of certain active pharmaceutical ingredients. Additionally, it is utilized in the development of personal care products, such as hair dyes and skin care formulations, where it acts as a stabilizer and conditioning agent. Its unique properties also make it valuable in industrial applications, particularly in the manufacture of adhesives and coatings, where it improves durability and performance.