This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is commonly added to polymers, plastics, and rubber to prevent degradation caused by oxidation, thereby extending the material's lifespan. It is also utilized in the production of fuels and lubricants to inhibit the formation of peroxides and other oxidative by-products, ensuring smoother operation and longer service life of engines and machinery. Additionally, it finds application in the food packaging industry to protect packaged goods from oxidative spoilage. Its effectiveness in scavenging free radicals makes it a valuable component in preserving the integrity and performance of a wide range of products.