Widely used as a flame retardant in various polymers and plastics, it enhances fire resistance without compromising material properties. It is also employed as a stabilizer in PVC and other halogenated compounds to prevent degradation during processing. In lubricants, it acts as an anti-wear additive, improving performance under high-pressure conditions. Additionally, it serves as a key component in some ionic liquids, offering unique solvent properties for chemical reactions and separations. Its application extends to coatings and adhesives, where it provides improved durability and thermal stability.