This chemical is primarily utilized as a biocide in various industrial applications due to its effective antimicrobial properties. It is commonly incorporated into water treatment systems to prevent the growth of bacteria, fungi, and algae in cooling towers, pulp and paper processing, and oilfield operations. Additionally, it is used in the preservation of coatings, adhesives, and sealants to enhance their shelf life by inhibiting microbial degradation. Its stability and efficacy in low concentrations make it a preferred choice for protecting materials in humid or wet environments. However, it should be handled with care as it may cause skin and eye irritation.