This chemical is primarily used as a stabilizer in polymers and plastics to enhance their durability and resistance to degradation caused by heat, light, and oxidation. It is particularly effective in polyolefins, such as polyethylene and polypropylene, where it helps maintain the material's integrity during processing and extends its lifespan in various applications. Additionally, it is employed in the production of synthetic fibers and coatings, providing improved performance under harsh environmental conditions. Its unique structure allows it to act as a highly efficient antioxidant, making it valuable in industries where material longevity and stability are critical.