This compound is primarily used in the synthesis of various organic chemicals, particularly in the production of surfactants and emulsifiers. Its structure makes it suitable for creating compounds that stabilize mixtures of oil and water, which is essential in industries like cosmetics, detergents, and pharmaceuticals. Additionally, it serves as an intermediate in the manufacture of agrochemicals, contributing to the development of herbicides and pesticides. Its application in chemical research is also notable, where it is utilized in the preparation of specialized reagents and catalysts.