This chemical is primarily utilized as a corrosion inhibitor in various industrial applications, including the oil and gas sector where it helps inhibit oxidation reactions of metals in high-humidity environments. It is effective in protecting metal surfaces, particularly in environments where exposure to moisture and corrosive agents is prevalent. Its ability to form a protective layer on metal surfaces helps in extending the lifespan of equipment and infrastructure.

In the field of coatings and paints, it is incorporated to enhance the durability and resistance of the coated surfaces against corrosion. This makes it valuable in industries such as automotive, marine, and construction, where long-term protection against environmental factors is crucial.

Additionally, it finds use in the formulation of lubricants and greases, where it helps in reducing wear and tear of metal components by preventing corrosion. This is particularly beneficial in machinery and engines that operate under harsh conditions.

In the realm of adhesives and sealants, it is added to improve the performance and longevity of these products by providing resistance to corrosion, especially in applications where metal bonding is involved.

In the polymer industry, it serves as an inhibitor against the degradation of plastics when exposed to UV light and heat, thereby extending the service life of plastic products.

Overall, its application as a corrosion inhibitor and stabilizer makes it a critical component in various industries, contributing to the maintenance and protection of metal-based structures, machinery, and polymeric materials.