This compound is widely used in the synthesis of surfactants and emulsifiers due to its amphiphilic properties, making it suitable for stabilizing mixtures of oil and water in various industrial applications. It is also employed in the production of personal care products, such as shampoos and lotions, where it acts as a conditioning agent to improve texture and moisture retention. In pharmaceutical formulations, it serves as a solubilizing agent to enhance the bioavailability of poorly water-soluble drugs. Additionally, it is utilized in the development of biodegradable polymers and as a component in coatings and adhesives to improve performance and durability. Its versatility and compatibility with other chemicals make it a valuable ingredient in a range of industrial and consumer products.