Used primarily as an antioxidant in industrial applications, this compound prevents degradation of organic materials by inhibiting oxidation. It is commonly added to lubricants, fuels, and polymers to extend their shelf life and maintain performance under high-temperature or oxidative conditions. Its effectiveness in stabilizing unsaturated compounds makes it valuable in the production of rubber and plastics. It is also employed in agrochemical formulations and some specialty oils to protect against thermal breakdown and discoloration.