Used as a reducing agent in electroless nickel plating, it helps deposit a uniform and corrosion-resistant nickel layer on various substrates. It is also employed in the synthesis of fine chemicals and pharmaceuticals, where it acts as a reducing agent or catalyst. Additionally, it serves as a stabilizer in polymer production and as an additive in water treatment processes to control scale and corrosion. In the textile industry, it is utilized for flame retardant treatments on fabrics.