Suppose (for contradiction) that there is a (if necessary associative and/or normed) division algebra over $\mathbb{R}^3$. Is there a simple way to use this to construct a nonvanishing continuous tangent vector field on $\mathbb{S}^2$, and thus contradict the hairy ball theorem?
Can a division algebra over $\mathbb{R}^3$ be used to construct a counterexample to the hairy ball theorem?
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Assume $n>1$ and that there exists a bilinear map $\mathbb{R}^n \times \mathbb{R}^n\to \mathbb{R}^n$ such that for all $a\ne 0$ the map $L_a\colon b\mapsto a\circ b$ is a linear isomorphism. Since $\mathbb{R}^n \backslash\{0\}$ is connected, all the linear maps $L_a$ have the same sign of the determinant. But $L_{-a} = - L_{a}$. This implies that $n$ is even.
This argument can be made for $S^{n-1}= \mathbb{R}^n \backslash\{0\}/ (0,\infty)$. Assume that we have a continuous multiplication $\mu\colon S^{n-1} \times S^{n-1}\to S^{n-1}$ such that $L_{a} \colon b\mapsto a\cdot b$ is a homeomorphism for all $a \in S^{n-1}$, and moreover, $L_{-a} = - L_a$. Since $L_a$, $L_{-a}$ are homotopic, we conclude that $L_{a}$, $-L_{a}$ are homotopic, so multiplying on the right by $L_{a}^{-1}$, $Id$ and $-Id$ are homotopic. One might produce from here in the smooth case, with some care, a vector field ( direction the opposite point!).
Let us just mention that if we are in the classical normed algebras, we can produce $n-1$ vector fields tangent to $S^{n-1}$, as follows: for every $i\ne 1$ in the standard basis of the algebra, consider the vector field $X_i$ defined by $X_i(v) = i\cdot v$ ( very similar to the case of $\mathbb{C}$ with basis $1$, $i$, or $\mathbb{H}$ with basis $1$, $i$, $j$, $k$.
It is worth studying ( never did :=|) the Hurwitz algebras that produce the maximal number of independent tangent vector fields to $S^{n-1}.
$\bf{Added:}$ If there exist a structure of a division algebra on $\mathbb{R}^n$ then there exist a structure of a smooth division magma on $S^{n-1}$ : for every $a$ $b$ there exist unique $x$, $x'$ such that $a x = b$, $x'a=b$. Moreover, $x$, $x'$ depend smoothly on $a$, $b$. Now any manifold $M$ with such a multiplication is parallelizable. Indeed, take $a_0$ a fixed point, and $v_1$, $\ldots$, $v_n$ tangent vectors at $a_0$. For every $a\in M$ consider the unique translation $t$ taking $a_0$ to $a$. Use $d t$ to map $v_i$ to tangent vectors at $a$, for all $a$. We get in this way $n$ smooth vector fields on $M$ that are linearly independent at each point.
If I'm not mistaken, you can fairly explicitly construct nowhere vanishing continuous tangent vector fields on $S^{n-1}$ from sufficiently nice multiplications on $\mathbb{R}^n$.
(Note that the hypothesis on $*$ is far weaker than the assumption that $*$ turns $\mathbb{R}^n$ into a division algebra.)
Some preliminaries before the proof. Regard $\mathbb{R}^n$ as a vector space in the usual way, and let $\langle \cdot,\cdot\rangle$ denote the usual inner product on $\mathbb{R}^n$. Identify $S^{n-1}$ with the subset $\{x \in \mathbb{R}^n: \langle x, x\rangle = 1\}$ of $\mathbb{R}^n$. With this identification, for any $y \in S^{n-1}$ we can identify the tangent space to $S^{n-1}$ at $y$ with a subspace of $\mathbb{R}^n$; under this identification, the tangent space to $S^{n-1}$ at $y$ is precisely the subset $\{w \in \mathbb{R}^n: \langle w,y\rangle = 0\}$ of $\mathbb{R}^n$. (This might be clearest to see when $n=3$: the set of all vectors tangent to the $2$-sphere at $y \in S^2$ is precisely the plane consisting of all vectors orthogonal to $y$.)
If I haven't lost my mind, with a similar idea you can explicitly show that if $*$ is bilinear on $\mathbb{R}^n$ with the property that the map $\mathbb{R}^n \to \mathbb{R}^n$ given by $x \to y*x$ is invertible for all nonzero $y$ in a $k$-dimensional subspace of $\mathbb{R}^n$, then there is a linearly independent set of $k-1$ nowhere vanishing vector fields on $S^{n-1}$. (Define $L_1, \dots, L_k$ appropriately, and consider the last $k-1$ vectors resulting from doing Gram-Schmidt on the list $y, L_2(L_1^{-1}(y)), \dots, L_k(L_1^{-1}(y))$.) This would of course establish the well-known fact that if $\mathbb{R}^n$ is a division algebra, then the tangent bundle $TS^{n-1}$ not only has a nowhere vanishing section, but is in fact trivial.