This compound is widely utilized as an antioxidant in various industries, particularly in the stabilization of polymers and plastics. It helps prevent degradation caused by oxidation, extending the lifespan of materials exposed to heat, light, and environmental factors. In the food industry, it is sometimes used to protect fats, oils, and other lipid-containing products from rancidity. Additionally, it finds application in cosmetics and personal care products, where it safeguards formulations from oxidative damage, ensuring product stability and efficacy. Its ability to neutralize free radicals makes it valuable in enhancing the durability and performance of a wide range of products.