Used primarily in the production of antioxidants for rubber and polymer industries, it enhances the durability and lifespan of rubber products by preventing degradation caused by oxidation. It is also employed in the synthesis of dyes and pigments, contributing to the coloration of textiles and other materials. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals, aiding in the development of various medicinal compounds. Its role in stabilizing materials against environmental factors makes it valuable in industrial applications where longevity and performance are critical.