Used as a drier in paints, inks, and coatings to accelerate the curing process by promoting the oxidation and polymerization of drying oils. Acts as a lubricant and release agent in rubber and plastic processing due to its metal soap properties. Employed in greases and lubricants to improve consistency and stability at high temperatures. Also functions as a stabilizer in some polymer systems, helping to prevent degradation during processing. Its water-repellent nature makes it useful in waterproofing agents and corrosion inhibitors.