Used primarily as a disinfectant and preservative in various industries, it effectively prevents microbial growth in products like paints, inks, and adhesives. In the pharmaceutical sector, it serves as an intermediate in synthesizing antioxidants, antiseptics, and other medicinal compounds. Additionally, it plays a role in the production of synthetic resins and plastics, enhancing durability and stability. In agriculture, it is utilized as a precursor for herbicides and pesticides, aiding in crop protection. Its strong antiseptic properties also make it valuable in veterinary applications for treating infections.