Widely used in the pharmaceutical industry, this compound serves as a key building block in the synthesis of anthelmintic drugs, which are used to treat parasitic worm infections. It is also employed in the production of certain antipsychotic and antidepressant medications due to its role in modifying central nervous system activity. In industrial applications, it functions as an intermediate in the manufacture of polymers and resins. It is utilized in gas treatment processes, particularly in carbon capture systems, where it helps remove carbon dioxide from natural gas and flue gases due to its strong absorption properties. Additionally, it finds use in the synthesis of some rubber chemicals and as a curing agent for epoxy resins, enhancing thermal and chemical resistance in coatings and adhesives.