Used primarily as a catalyst in the production of hydrogen peroxide through the anthraquinone process. It facilitates the hydrogenation and oxidation steps, enabling efficient and large-scale synthesis. Also employed in textile dyeing and printing, where it acts as an intermediate for creating vibrant and durable colors on fabrics. Additionally, it finds use in analytical chemistry as a reagent for detecting and quantifying specific chemical compounds. Its stability and reactivity make it valuable in various industrial and laboratory applications.