Used primarily as an antioxidant and stabilizer in the production of rubber and plastics. It helps to prevent degradation caused by heat, light, and oxidation, thereby extending the lifespan of these materials. Additionally, it is employed in the manufacturing of lubricants and greases to enhance their performance under high-temperature conditions. In the electronics industry, it serves as a protective agent for insulating materials, ensuring their durability and reliability. Its application in coatings and adhesives also contributes to improved resistance against environmental factors, making it valuable in various industrial and consumer products.