This chemical is primarily utilized as a highly effective antioxidant and stabilizer in polymers and plastics. Its structure allows it to scavenge free radicals, thereby preventing the degradation of materials exposed to heat, light, or oxidative environments. It is particularly valuable in extending the lifespan of polyolefins, such as polyethylene and polypropylene, used in packaging, automotive components, and construction materials. Additionally, it finds application in lubricants and fuels to enhance their stability and performance under harsh conditions. Its ability to inhibit oxidation makes it a critical additive in industries where material durability and longevity are essential.