This chemical is primarily utilized as an intermediate in the synthesis of various organic compounds, particularly in the production of rubber chemicals and corrosion inhibitors. It plays a significant role in the manufacturing of vulcanization accelerators, which enhance the efficiency of rubber curing processes. Additionally, it is employed in the formulation of lubricant additives to improve the performance and longevity of machinery. Its properties also make it suitable for use in certain pharmaceutical applications, where it serves as a building block for active pharmaceutical ingredients. Furthermore, it finds application in the development of dyes and pigments, contributing to the color stability and quality of these materials.