In volumetric analysis (titration), reducing agents are substances that lose electrons and get oxidized. Oxalic acid (\( \text{H}_2\text{C}_2\text{O}_4 \)) is a commonly used primary standard that can also act as a reducing agent, particularly in titrations involving oxidizing agents like potassium permanganate (\( \text{KMnO}_4 \)). Iodine (\( \text{I}_2 \)) typically acts as an oxidizing agent in iodimetric titrations, while potassium iodate (\( \text{KIO}_3 \)) is often used as a primary standard in iodometric titrations where it is reduced to iodine. Potassium permanganate is a strong oxidizing agent and is rarely used as a reducing agent in standard titrations.