This chemical is primarily utilized as an intermediate in the synthesis of various pharmaceutical compounds. It plays a crucial role in the production of certain drugs, particularly those targeting the central nervous system, due to its structural properties that allow for effective interaction with biological targets. Additionally, it is employed in the development of surfactants and emulsifiers, contributing to the stabilization of formulations in cosmetic and industrial products. Its ability to act as a precursor in organic synthesis also makes it valuable in the creation of specialized chemicals for research and manufacturing processes.