This chemical is primarily used as an antioxidant and antiozonant in the rubber and polymer industries. It helps in preventing the degradation of materials caused by oxidation and ozone, extending the lifespan and maintaining the performance of rubber products such as tires, hoses, and seals. Additionally, it is utilized in the stabilization of synthetic polymers, ensuring they retain their properties under exposure to heat, light, and oxygen. Its application is also seen in lubricants and greases, where it aids in reducing oxidative breakdown, thereby enhancing the durability and efficiency of mechanical systems.