This chemical is primarily used as a stabilizer in polymers, particularly in polyolefins like polyethylene and polypropylene. It functions as an antioxidant and processing stabilizer, helping to prevent thermal degradation during the manufacturing process. By inhibiting oxidation, it extends the lifespan and maintains the mechanical properties of the polymer products. It is also employed in the production of adhesives, coatings, and elastomers, where it enhances resistance to heat and oxidative stress. Additionally, it is utilized in lubricants and oils to improve their stability under high-temperature conditions, ensuring consistent performance over time.