This chemical is primarily used as a stabilizer in various polymer systems, particularly in plastics and synthetic resins. It helps to prevent degradation caused by heat, light, and oxidation, thereby extending the lifespan of the materials. It is commonly incorporated into polyolefins, such as polyethylene and polypropylene, to enhance their durability during processing and end-use applications. Additionally, it is utilized in adhesives, coatings, and elastomers to maintain their performance under harsh environmental conditions. Its antioxidant properties make it valuable in industries where long-term material stability is critical, such as automotive, construction, and packaging.