Used as a drier in paints, coatings, and inks, where it accelerates the curing process by promoting the oxidation and polymerization of drying oils. Acts as a catalyst in the production of synthetic rubber and latex. Employed in the formulation of greases and lubricants to improve consistency and stability. Also functions as a stabilizer in plastics and polymers, particularly in polyvinyl chloride (PVC), to enhance resistance to heat and degradation. Additionally, utilized in the manufacturing of candles and crayons as a hardening agent to improve texture and melting point.