This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It serves as a key building block in the development of surfactants and emulsifiers, which are essential in industries such as personal care, cosmetics, and detergents. Additionally, it is employed in the creation of corrosion inhibitors, which protect metal surfaces in industrial applications. Its role in the preparation of pharmaceutical intermediates also highlights its importance in the medical and drug development sectors. Furthermore, it is used in research and development for exploring new chemical reactions and pathways, contributing to advancements in material science and organic chemistry.