Used as a reducing agent in organic synthesis, particularly in the reduction of metal ions to their metallic state. It is also employed in the preparation of flame retardant materials, enhancing the fire resistance of polymers and textiles. Additionally, it serves as a stabilizer in certain chemical processes, preventing unwanted degradation of materials. In the field of electronics, it is utilized in the production of conductive inks and coatings. Its role in water treatment includes acting as a corrosion inhibitor, protecting metal surfaces from oxidative damage.