Used as an intermediate in the synthesis of various organic compounds, particularly in the production of specialty chemicals. It finds application in the development of surfactants and emulsifiers due to its amphiphilic properties, making it useful in formulations for detergents, cleaning agents, and personal care products. Additionally, it is employed in the creation of corrosion inhibitors, which are essential in industrial processes to protect metal surfaces. Its role in polymer chemistry is also notable, where it acts as a modifier or cross-linking agent to enhance the properties of resins and coatings.