Used as a corrosion inhibitor in industrial cooling systems and metalworking fluids, particularly effective for copper and its alloys. Acts as a stabilizer in polymers and coatings by suppressing degradation under UV exposure. Employed in agrochemical formulations to enhance the stability of active ingredients. Also serves as a building block in the synthesis of pharmaceuticals, especially in compounds targeting central nervous system disorders. Shows utility in electronic materials as a component in dielectric layers due to its thermal stability and low polarity.