This chemical is primarily used as an antioxidant and stabilizer in various industrial applications. It is commonly added to polymers, plastics, and rubber to prevent degradation caused by oxidation, heat, and light exposure. By inhibiting the formation of free radicals, it helps extend the lifespan and maintain the physical properties of these materials. Additionally, it is utilized in lubricants and fuels to enhance their stability and performance under high-temperature conditions. It is also employed in the production of paints and coatings to prevent degradation and improve durability against environmental conditions. Its effectiveness in protecting against oxidative damage makes it a valuable component in the production of durable and reliable industrial products.