This chemical is primarily used as a corrosion inhibitor in various industrial applications, particularly in metalworking fluids and lubricants. It helps protect metal surfaces from rust and degradation by forming a protective layer that prevents the interaction of moisture and oxygen with the metal. Additionally, it is employed in the formulation of coatings and paints to enhance their durability and resistance to environmental factors. Its effectiveness in stabilizing materials against UV light also makes it valuable in the production of plastics and polymers, where it prevents degradation caused by prolonged exposure to sunlight. In the field of electronics, it is utilized to safeguard components from corrosion, ensuring longer operational life and reliability.