This chemical is primarily used as an antioxidant in various industrial applications. It is commonly added to polymers, plastics, and synthetic rubbers to prevent degradation caused by oxidation, thereby extending their lifespan and maintaining their mechanical properties. It is also utilized in lubricants and fuels to enhance stability and reduce the formation of harmful oxidation by-products. Additionally, it finds application in the production of adhesives and coatings, where it helps in preserving the integrity of the materials under harsh environmental conditions. Its ability to act as a stabilizer makes it valuable in industries where long-term durability and resistance to oxidative stress are critical.