This chemical is primarily used as a vulcanization accelerator in the rubber industry, enhancing the strength and elasticity of rubber products. It is also employed as a flotation agent in mining operations to separate valuable minerals from ore. Additionally, it serves as a stabilizer in the production of certain polymers and plastics, improving their durability and performance. In agriculture, it is sometimes utilized as a fungicide or pesticide to protect crops from fungal infections and pests. Its chelating properties make it useful in metal extraction and purification processes, particularly in the recovery of metals like copper and nickel.