Used primarily in the production of antioxidants and stabilizers for plastics and rubber, enhancing their durability and resistance to degradation. It serves as an intermediate in the synthesis of various chemicals, including resins, dyes, and pharmaceuticals. In the agricultural sector, it is employed in the formulation of pesticides and herbicides, contributing to effective crop protection. Additionally, it finds application in the manufacture of disinfectants and antiseptics, providing antimicrobial properties for hygiene and healthcare products. Its role in industrial processes also includes use as a precursor in the creation of specialty chemicals for diverse manufacturing needs.