Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting the central nervous system. It is also employed in the development of corrosion inhibitors, which protect metal surfaces in industrial applications. Additionally, it serves as a building block in the creation of surfactants and detergents, enhancing their cleaning efficiency. In organic chemistry, it acts as a catalyst or reagent in various reactions, facilitating the formation of complex molecules. Its versatility makes it valuable in both industrial and research settings.