This chemical is primarily used as an antioxidant in various industrial applications. It helps in stabilizing polymers and plastics by preventing oxidative degradation, which can lead to material weakening and discoloration. Additionally, it is employed in the production of synthetic rubber and lubricants to enhance their longevity and performance under high-temperature conditions. Its ability to scavenge free radicals makes it valuable in protecting organic materials from oxidative damage, ensuring durability and maintaining quality in end products.