Used primarily as an intermediate in organic synthesis, this compound plays a role in the production of various pharmaceuticals and agrochemicals. It is also employed in the development of corrosion inhibitors, particularly in industrial settings where metal protection is essential. Additionally, it finds application in the manufacturing of surfactants and emulsifiers, which are crucial in formulating personal care products and detergents. Its properties make it suitable for use in research laboratories for specialized chemical reactions and material studies.