Used primarily as a corrosion inhibitor in industrial applications, it effectively protects metals, especially in cooling systems and metalworking fluids. It also finds use in the production of dyes and pigments, contributing to color stability and durability. Additionally, it serves as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antimicrobial agents. Its role in organic electronics is notable, where it aids in the creation of conductive polymers for use in sensors and semiconductors.