This chemical is widely used as a stabilizer in polymers, particularly in polyolefins like polyethylene and polypropylene. It helps to prevent oxidative degradation during processing and extends the lifespan of the material by protecting it from heat and UV exposure. Additionally, it is utilized in the production of synthetic rubbers and elastomers to enhance their durability and resistance to environmental factors. Its antioxidant properties also make it suitable for use in lubricants and adhesives, where it helps maintain performance under harsh conditions.