This chemical is primarily used as an antioxidant in various industrial applications. It is commonly added to polymers, plastics, and rubber to prevent degradation caused by oxidation, which can lead to cracking, brittleness, or discoloration. It is particularly effective in stabilizing materials exposed to high temperatures or harsh environmental conditions. Additionally, it is utilized in lubricants and greases to extend their service life by inhibiting oxidative breakdown. Its ability to act as a stabilizer makes it valuable in the production of adhesives, coatings, and elastomers, ensuring durability and maintaining performance over time.