This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It serves as a key building block in the development of surfactants and emulsifiers, which are essential in industries such as personal care, cosmetics, and detergents. Its unique structure allows it to act as a stabilizer or modifier in formulations, enhancing product performance. Additionally, it is employed in research and development for creating novel materials with specific properties, such as improved solubility or surface activity. Its applications also extend to the pharmaceutical sector, where it may be used in the synthesis of active pharmaceutical ingredients (APIs) or as a precursor in drug development processes.