This chemical is widely used as a stabilizer and antioxidant in the polymer industry, particularly for polyolefins like polyethylene and polypropylene. It helps prevent degradation caused by heat, light, and oxidation during processing and storage, thereby extending the lifespan of the materials. Additionally, it finds application in the production of high-performance lubricants, where it enhances thermal stability and reduces oxidative breakdown. Its effectiveness in scavenging free radicals makes it valuable in coatings and adhesives, ensuring durability and resistance to environmental factors. In the rubber industry, it is utilized to improve the aging properties of elastomers, maintaining their flexibility and strength over time.