Used as a catalyst in the production of polyurethane foams, promoting the reaction between isocyanates and polyols. It is also employed as a drying agent in oil-based paints and coatings, accelerating the curing process by promoting oxidation and polymerization of drying oils. Its effectiveness in low concentrations makes it suitable for industrial applications where rapid drying and consistent performance are required. Due to toxicity concerns, handling requires strict safety controls to prevent environmental release and human exposure.