This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is commonly added to polymers, plastics, and rubber to prevent degradation caused by heat, light, and oxidation. By inhibiting the formation of free radicals, it extends the lifespan and maintains the mechanical properties of these materials. Additionally, it finds use in lubricants and greases to enhance their thermal stability and performance under high-temperature conditions. Its effectiveness in protecting against oxidative stress makes it valuable in the production of automotive parts, electrical insulation, and other components exposed to harsh environments.