Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting neurological disorders. It is also employed in the development of chiral compounds for research purposes. In the cosmetic industry, it serves as a key ingredient in formulations for skin and hair care products due to its moisturizing properties. Additionally, it finds application in the production of surfactants and emulsifiers, enhancing the stability of various industrial and household products. Its role in organic synthesis makes it valuable for creating complex molecules in chemical research and development.