Widely used as an antioxidant in industrial applications, this compound prevents degradation of organic materials by inhibiting oxidation. It is commonly added to fuels and lubricants to extend shelf life and maintain performance by reducing gum and sediment formation. Frequently found in polymer systems, it protects plastics and elastomers from thermal and oxidative degradation during processing and long-term use. Also employed in agrochemical formulations to stabilize active ingredients against environmental stress. Its effectiveness, low volatility, and compatibility with various matrices make it suitable for use in coatings, adhesives, and synthetic oils.