Used primarily as a vulcanization retarder in the rubber industry, it helps control the timing of the vulcanization process, ensuring optimal curing of rubber products. It is also employed as a chemical intermediate in the synthesis of other compounds, particularly in the production of dyes and antioxidants. Additionally, it has been studied for its potential use in corrosion inhibition, particularly in protecting metal surfaces in industrial applications. However, its use is regulated due to concerns about its potential carcinogenicity, requiring careful handling and adherence to safety guidelines.