Used in redox reactions in organic synthesis, particularly in the preparation of complex molecules. It plays a role in the development of dyes and pigments due to its ability to undergo redox reactions. In analytical chemistry, it is employed as a reagent for the detection and quantification of certain metal ions. It also finds application in the production of polymers and resins, where it acts as a cross-linking agent. Additionally, it is studied for its potential use in energy storage systems, such as batteries, owing to its electrochemical properties.