Used as a drier in paints, varnishes, and inks, where it accelerates the curing of drying oils by promoting oxidation and polymerization. Acts as a catalyst in the production of synthetic rubber and resins. Employed as a stabilizer in plastics, particularly in polyvinyl chloride (PVC), to improve thermal stability during processing. Utilized in the formulation of lubricating greases for improved consistency and performance at high temperatures. Also serves as a pigment dispersant and modifier in coatings and printing systems.