Used primarily as an antioxidant in rubber and polymer industries to prevent degradation caused by oxidation, heat, and light. It enhances the durability and lifespan of rubber products such as tires, belts, and hoses. Also employed in lubricants and greases to inhibit oxidation and extend their operational efficiency. Additionally, it finds application in the stabilization of certain plastics and synthetic materials, ensuring they maintain their properties under harsh environmental conditions.