Used as an intermediate in the synthesis of antioxidants and stabilizers for polymers, particularly in rubber and plastic industries. It helps improve resistance to oxidation and degradation caused by heat and light. Also employed in the production of certain resins and adhesives where thermal stability is required. Its derivatives are found in some specialty lubricants and fuel additives to enhance performance and longevity. Additionally, it has been used in small-scale applications in agrochemicals and pharmaceuticals as a building block for more complex molecules.