Used primarily in industrial applications, this chemical serves as a component in dielectric fluids for transformers and capacitors due to its stability and insulating properties. It is also employed in heat transfer systems and hydraulic fluids, where its chemical resistance is advantageous. Additionally, it has been utilized in the production of pigments and dyes, contributing to color stability and durability. However, its use is highly regulated due to environmental and health concerns, leading to its phase-out in many applications.