Used as an antioxidant and stabilizer in various industries, including plastics, rubber, lubricants, and greases, this chemical prevents oxidation and degradation of base materials, extending their service life. It is particularly effective in high-temperature applications, where it stabilizes oils and polymers by neutralizing free radicals formed during oxidation. Additionally, it is employed in industrial applications such as metalworking fluids, where it protects machinery by reducing the formation of sludge and varnish. Its compatibility with various additives makes it a versatile component in formulating high-performance products for automotive, industrial, and polymer uses.