Primarily used as an antioxidant in the rubber industry, it helps to prevent degradation caused by oxidation, thereby extending the lifespan of rubber products. It is also employed in the stabilization of polymers, where it inhibits the breakdown of materials exposed to heat and light. Additionally, it finds application in the production of certain adhesives and coatings, enhancing their durability and resistance to environmental factors. In some cases, it is utilized in the synthesis of pharmaceuticals and agrochemicals, contributing to the stability and efficacy of these compounds.