Used as a stabilizer in the production of synthetic rubber, particularly in the polymerization process of chloroprene. It helps prevent premature cross-linking and degradation of the rubber, ensuring better quality and durability.

In the field of agriculture, it serves as a growth regulator for plants, promoting root development and enhancing stress tolerance in crops. This improves overall yield and resilience in challenging environmental conditions.

Additionally, it acts as a corrosion inhibitor in industrial applications, protecting metal surfaces from oxidation and extending the lifespan of equipment and machinery.

In research, it is utilized as a reagent in organic synthesis, particularly in the preparation of thiourea derivatives, which have various applications in pharmaceuticals and material science.