This chemical is primarily used as an antioxidant in the rubber industry. It helps to prevent the degradation of rubber products caused by exposure to oxygen, heat, and light. By inhibiting oxidation, it extends the lifespan and maintains the performance of rubber materials, such as tires, belts, and hoses. Additionally, it is employed in the stabilization of certain polymers and lubricants, ensuring their durability under harsh conditions. Its effectiveness in protecting against aging and wear makes it a valuable additive in manufacturing processes where material integrity is critical.