Used as a corrosion inhibitor in cooling water systems, it forms a protective layer on metal surfaces, preventing rust and scaling. In the automotive industry, it is applied in engine oils and lubricants to reduce friction and wear, enhancing engine performance and longevity.

It serves as a catalyst in various chemical reactions, particularly in the petrochemical industry, where it aids in the refining of crude oil and the production of high-octane fuels. Additionally, it is utilized in the manufacturing of pigments and ceramics, providing color stability and improving material properties.

In agriculture, it is used as a micronutrient in fertilizers to address molybdenum deficiencies in soil, promoting healthy plant growth. It also finds application in the electronics industry, where it is used in the production of semiconductors and thin-film transistors, contributing to the advancement of electronic devices.