This compound is primarily utilized as a stabilizer in polymers and plastics to enhance their durability and resistance to degradation caused by heat, light, and oxidation. It is particularly effective in polyolefins, such as polyethylene and polypropylene, where it helps extend the material's lifespan by preventing chain scission and cross-linking. Additionally, it finds application in the production of synthetic rubbers and elastomers, improving their performance under harsh environmental conditions. Its ability to scavenge free radicals makes it valuable in coatings and adhesives, ensuring long-term stability and maintaining aesthetic properties. In the automotive and construction industries, it is incorporated into materials exposed to UV radiation and high temperatures, contributing to the longevity of components like seals, gaskets, and exterior panels.