Used primarily as an intermediate in the synthesis of various organic compounds, including antioxidants and stabilizers for polymers and plastics. It plays a role in the production of materials that require enhanced durability and resistance to degradation. Additionally, it is utilized in the development of specialized chemicals for industrial applications, such as lubricants and coatings, where its properties help improve performance and longevity. In research, it serves as a building block for creating complex molecules in pharmaceutical and agrochemical studies.