This chemical is primarily utilized in advanced materials science, particularly in the development of high-performance polymers and resins. Its unique structure allows it to act as a highly effective stabilizer and antioxidant, enhancing the durability and longevity of materials exposed to harsh environmental conditions, such as UV radiation and thermal stress. Additionally, it finds application in the synthesis of specialized catalysts used in organic chemistry reactions, where its sterically hindered design promotes selectivity and efficiency. Its role in the production of optical materials is also notable, as it contributes to the creation of transparent, high-refractive-index components for lenses and coatings.