Used primarily as a stabilizer and catalyst in various chemical reactions, particularly in polymerization processes. It enhances the efficiency of polymerization by controlling the reaction rate and improving the quality of the final polymer product. Additionally, it finds application in the textile industry as a dyeing auxiliary, helping to improve the dye uptake and color fastness of fabrics. In water treatment, it acts as a corrosion inhibitor, protecting metal surfaces from degradation caused by water exposure. Its unique properties also make it useful in the formulation of certain adhesives and coatings, where it contributes to improved performance and durability.