This chemical is primarily used as a stabilizer and antioxidant in various industrial applications. It is commonly incorporated into polymers and plastics to enhance their durability and resistance to degradation caused by heat, light, and oxidation. Its effectiveness in preventing the breakdown of materials makes it valuable in the production of long-lasting plastic products, such as automotive parts, packaging materials, and construction components. Additionally, it finds use in coatings and adhesives, where it helps maintain the integrity and performance of the final product under challenging environmental conditions. Its ability to act as a stabilizer also extends to lubricants and fuels, where it aids in preventing oxidation and extending the lifespan of these substances.