This chemical is primarily utilized as a polymerization inhibitor in the production and storage of monomers such as styrene, acrylates, and other vinyl compounds. It effectively prevents premature polymerization during processing, transportation, and storage, ensuring stability and safety. Additionally, it finds application in the synthesis of specialty chemicals and intermediates, where controlled polymerization is critical. Its use is also observed in the manufacturing of adhesives, coatings, and resins, where it helps maintain the desired properties of the final product by inhibiting unwanted reactions.