Used primarily as a polymerization initiator in the production of acrylic polymers and resins. It facilitates the initiation of free radical polymerization processes, which are crucial in manufacturing plastics, adhesives, and coatings. Additionally, it serves as a cross-linking agent in certain rubber and elastomer formulations, enhancing their mechanical properties and durability. Its application in chemical synthesis includes acting as an intermediate in the preparation of specialty chemicals and pharmaceuticals. Due to its reactivity, it is handled with care in industrial settings to ensure safety and efficiency.