This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is commonly added to polymers, plastics, and synthetic rubbers to prevent degradation caused by oxidation, heat, and UV exposure. By inhibiting the formation of free radicals, it helps extend the lifespan and maintain the mechanical properties of these materials. Additionally, it is utilized in the production of lubricants and fuels to enhance their stability and performance under high-temperature conditions. Its effectiveness in protecting against oxidative damage makes it valuable in applications where long-term durability and resistance to environmental stressors are critical.