Used primarily as a catalyst in various chemical reactions, particularly in the production of polymers and resins. It accelerates the curing process in polyurethane and polyester systems, enhancing the efficiency of manufacturing processes. Additionally, it serves as a stabilizer in PVC products, preventing degradation during processing and extending the material's lifespan. In the paint and coatings industry, it acts as a drying agent, promoting the oxidation and polymerization of oils to form a durable film. It is also employed in the synthesis of organic compounds, where its catalytic properties facilitate complex reactions.