Primarily used as a polymerization inhibitor in the production of synthetic rubbers and plastics, it effectively prevents premature polymerization during storage and processing. It is also employed in the stabilization of monomers like acrylonitrile, ensuring they remain reactive until the desired polymerization conditions are met. Additionally, it finds application in the manufacturing of adhesives and coatings, where it helps maintain the stability of the raw materials. Its role in enhancing the shelf life and performance of various industrial chemicals makes it a valuable component in the chemical manufacturing sector.