This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is effective in preventing the degradation of polymers and plastics when exposed to heat, light, or oxygen, thereby extending their lifespan. In the rubber industry, it is utilized to enhance the durability and performance of rubber products by protecting them from oxidative damage. Additionally, it finds application in the production of lubricants and fuels, where it helps to inhibit oxidation and maintain the quality of the materials over time. It is also used in coatings and paints to improve resistance to environmental degradation. Its ability to act as a radical scavenger makes it valuable in formulations requiring long-term stability under harsh environmental conditions.