This chemical is widely used as a corrosion inhibitor in various industrial applications, particularly in cooling water systems and metalworking fluids. It effectively protects metals such as copper, brass, and steel from corrosion by forming a protective layer on their surfaces. Additionally, it is employed in the formulation of coatings and paints to enhance their durability and resistance to environmental degradation, including UV exposure. In the field of photography, it serves as a stabilizer for photographic emulsions, preventing unwanted fogging and ensuring image clarity. Its versatile properties also make it a valuable component in the synthesis of certain pharmaceuticals and agrochemicals, where it acts as an intermediate in the production of active compounds. Furthermore, it finds applications in the rubber and plastics industries to improve physical properties and material durability.