Used primarily as an intermediate in the synthesis of antioxidants, particularly in the production of hindered phenol antioxidants. These antioxidants are widely applied in the stabilization of polymers, plastics, and rubber to prevent degradation caused by oxidation. It also finds use in the formulation of lubricants and fuels, where it helps enhance stability and prolong shelf life by inhibiting oxidative breakdown. Additionally, it is employed in the development of specialty chemicals for industrial applications requiring high thermal and oxidative resistance.