Used primarily as an antioxidant and stabilizer in the production of rubber, plastics, and lubricating oils, it helps prevent degradation caused by oxidation, heat, and light. In the agricultural sector, it serves as a fungicide, post-harvest treatment, and sprout inhibitor for stored potatoes and pome fruits like apples, extending their shelf life. Additionally, it is employed in analytical chemistry as a reagent for detecting nitrates and nitrites. Its applications also extend to the pharmaceutical industry, where it is utilized in the synthesis of certain drugs and intermediates.