Used primarily as an antioxidant in various industrial applications. It helps stabilize polymers and plastics, preventing degradation caused by oxidation during processing and storage. Commonly added to rubber products, lubricants, and fuels to extend their lifespan and maintain performance under high temperatures. Also employed in the production of adhesives and coatings, where it enhances durability and resistance to environmental factors. In the petroleum industry, it serves as an additive to inhibit the formation of gums and resins in fuels. Additionally, it finds use in the synthesis of other specialty chemicals, contributing to the development of advanced materials.