Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its amine and alcohol functional groups, which allow for easy modification and conjugation. Its alkyne group enables click chemistry reactions, making it valuable in drug discovery and bioconjugation. Also employed in the production of specialty polymers and surfactants where reactivity and solubility are important. Commonly found in formulations requiring low toxicity and high reactivity, such as in coatings and adhesives.