Used primarily as an antioxidant in industrial applications, it helps stabilize polymers and plastics by preventing oxidation, which can degrade materials over time. It is also employed in the production of synthetic rubber and lubricants, where it enhances durability and extends the lifespan of the products. Additionally, it finds use in the formulation of adhesives and coatings, providing resistance to heat and environmental stressors. Its effectiveness in inhibiting free radical reactions makes it valuable in maintaining the integrity and performance of various chemical products.