It is primarily used as a stabilizer in the production of nitrocellulose-based propellants and explosives, where it helps to prevent degradation and enhance shelf life. Additionally, it finds application as an intermediate in the synthesis of various organic compounds, including dyes and pharmaceuticals. In the polymer industry, it acts as a curing agent for resins and adhesives, improving their mechanical properties and durability. Its ability to act as a stabilizer and intermediate makes it valuable in both industrial and chemical manufacturing processes.