This chemical is primarily used as an antioxidant in various industrial applications. It is particularly effective in stabilizing polymers and plastics, preventing degradation caused by oxidation during processing and use. Its high thermal stability makes it suitable for use in high-temperature environments, such as in the production of automotive parts, electrical insulation, and packaging materials. Additionally, it is employed in lubricants and fuels to extend their lifespan by inhibiting oxidative breakdown. Its ability to scavenge free radicals also makes it valuable in protecting rubber products, such as tires, from aging and cracking.