This chemical is primarily used as an intermediate in the synthesis of antioxidants, particularly in the production of hindered phenol antioxidants. These antioxidants are widely applied in the stabilization of polymers, plastics, and rubber to prevent degradation caused by oxidation, heat, and light. It also finds use in the formulation of lubricants and fuels, where it helps enhance the longevity and performance by inhibiting oxidative breakdown. Additionally, it serves as a key component in the development of specialty chemicals for industrial applications, contributing to improved material durability and efficiency.