Used primarily as a reducing agent in polymerization processes, it facilitates the creation of polymers with specific properties. It is also employed in the synthesis of specialty chemicals where controlled reduction is crucial. In the field of material science, it aids in modifying surface properties of materials, enhancing their functionality in various industrial applications. Additionally, it plays a role in the development of adhesives and coatings, contributing to improved performance and durability. Its application extends to the pharmaceutical industry, where it is utilized in the preparation of certain drug intermediates.