Used primarily as an accelerator in the vulcanization of rubber, enhancing the speed and efficiency of the process. It is also employed as a stabilizer and corrosion inhibitor in various industrial applications, particularly in metalworking fluids to protect against rust. Additionally, it serves as an intermediate in the synthesis of other chemicals, including pharmaceuticals and agrochemicals, due to its reactivity with organic compounds. Its antioxidant properties make it useful in extending the shelf life of certain products by preventing oxidative degradation.