This compound is widely used as an antioxidant in various industrial applications. It is particularly effective in stabilizing polymers and plastics, preventing degradation caused by heat, light, and oxidation. In the production of rubber and synthetic materials, it helps extend the lifespan of products by maintaining their structural integrity. Additionally, it is utilized in the formulation of lubricants and fuels to inhibit oxidation and enhance performance. Its ability to scavenge free radicals makes it valuable in preserving the quality of adhesives, coatings, and other chemical formulations.