This compound is primarily utilized as a light stabilizer in polymer and plastic formulations, including paints and coatings. It effectively prevents degradation caused by UV radiation, extending the durability and lifespan of materials exposed to sunlight. It also functions as an antioxidant in various polymer systems to inhibit oxidation and material deterioration. Commonly applied in automotive parts, packaging films, outdoor equipment, and the rubber industry, it enhances the resistance of polymers to discoloration, cracking, loss of mechanical properties, and weather-related damage. Its use is particularly valuable in industries requiring long-term stability of plastic products under harsh environmental conditions.