Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of local anesthetics and cardiovascular drugs. Its structure supports the development of compounds with biological activity targeting the central nervous system and circulatory system. Commonly employed in the preparation of surfactants and emulsifiers for industrial applications due to its amphoteric nature and solubility characteristics. Also utilized in the formulation of corrosion inhibitors in metalworking fluids and as a building block in agrochemicals for enhancing solubility and stability of active ingredients.