This chemical is primarily used as a stabilizer in polymer and plastic formulations, particularly in materials exposed to harsh environmental conditions. It acts as an antioxidant, preventing degradation caused by heat, light, and oxidation, thereby extending the lifespan of the product. It is commonly incorporated into automotive parts, coatings, and industrial materials where durability and resistance to weathering are critical. Additionally, it finds application in the production of high-performance adhesives and sealants, where it enhances stability and maintains performance under stress. Its ability to inhibit degradation makes it valuable in the manufacturing of long-lasting, resilient materials.