Used primarily as an antioxidant in the production of rubber, lubricants, fuels, and oils, it helps to prevent degradation caused by oxidation, extending the material's lifespan. It is also utilized in the stabilization of polymers, ensuring they maintain their properties under heat and stress. In the petroleum industry, it serves as an additive to enhance the performance and durability of fuels and oils. Additionally, it finds application in coatings, corrosion inhibitors, and the synthesis of dyes and other organic compounds, contributing to the development of various industrial products.