Used primarily as a flame retardant in various polymer systems, this compound enhances the fire resistance of materials such as plastics, textiles, and coatings. Its effectiveness lies in its ability to release phenoxy radicals when exposed to high temperatures, which helps to interrupt the combustion process. Additionally, it is employed in the formulation of adhesives and sealants to improve their thermal stability and durability. In the electronics industry, it is utilized in the production of flame-retardant circuit boards and insulating materials, ensuring safety and compliance with fire safety standards.