Used primarily as a stabilizing agent in the production of rubber and polymers, it helps enhance the durability and resistance of materials to degradation. In analytical chemistry, it serves as a reagent for the detection and quantification of metal ions, particularly in environmental and industrial samples. Additionally, it finds application in biochemical research as a crosslinking agent for proteins and peptides, aiding in the study of molecular interactions and structures. Its role in organic synthesis includes acting as an intermediate in the preparation of various chemical compounds.