This compound is widely used in the synthesis of betaine-type surfactants, which are essential in personal care products like shampoos and body washes due to their mildness and ability to reduce irritation. It also serves as a key intermediate in the production of amphoteric surfactants, which are valued for their compatibility with other surfactants and stability across a wide pH range. In the pharmaceutical industry, it is utilized in the formulation of certain drugs, particularly those requiring improved solubility or bioavailability. Additionally, it finds application in the agricultural sector as a component in herbicides and pesticides, enhancing their effectiveness and stability. Its role in biochemical research includes use as a zwitterionic buffer in protein studies, helping maintain pH stability in various experimental conditions.