This specialty chemical is primarily used as a flotation collector in mineral processing, particularly for extracting gold and silver ores. It improves extraction rates and selectivity in separating metals from ores. Additionally, it acts as a lubricant additive and corrosion inhibitor in the oil and gas industry, reducing friction and extending the lifespan of metal equipment. In the polymer industry, it functions as a catalyst and processing aid in the production of various plastics, enhancing physical properties and product durability.