Used as a solubilizing agent, hydrotrope, and stabilizer in pharmaceutical formulations and cosmetics, enhancing the dissolution rate of poorly water-soluble drugs and improving product stability. Commonly employed as a phase-transfer catalyst in the synthesis of active pharmaceutical ingredients and in organic reactions such as esterification and transesterification. Also utilized in electroplating baths to improve deposit uniformity and brightness. Serves as an intermediate in the production of surfactants, dyes, and other fine chemicals due to its ability to modify solubility and reactivity. Found in some agrochemical formulations to enhance stability and dispersion. Applied in paints, coatings, and plastics industries to improve dispersion properties of various substances.