This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is commonly employed in the production of polymers and plastics to prevent degradation caused by heat, light, and oxidation. Its ability to inhibit the formation of free radicals makes it valuable in extending the lifespan of materials such as rubber, adhesives, and coatings. Additionally, it is utilized in the manufacturing of high-performance lubricants and fuels to enhance their stability under extreme conditions. Its effectiveness in protecting against oxidative damage also makes it suitable for use in specialty chemicals and advanced material formulations.