Used primarily as a drying agent due to its strong desiccant properties, it effectively absorbs moisture from gases and liquids in laboratory settings. It is commonly employed in air and gas drying processes, particularly in analytical chemistry where the removal of water vapor is critical for accurate measurements. Additionally, it serves as an oxidizing agent in certain chemical reactions, though its use is limited due to its high reactivity and potential hazards. In industrial applications, it aids in the preparation of anhydrous environments for sensitive manufacturing processes.