This compound is primarily utilized as an antioxidant and stabilizer in various industrial applications. It is commonly incorporated into polymers and plastics to prevent degradation caused by oxidation, which can lead to discoloration, brittleness, and loss of mechanical properties. Its effectiveness in scavenging free radicals makes it suitable for use in high-temperature processing environments, such as in the production of synthetic fibers and resins. Additionally, it is employed in the manufacture of adhesives and coatings, where it enhances the durability and longevity of the final products by protecting them from oxidative damage. Its compatibility with a range of materials ensures its widespread use in industries aiming to improve the performance and lifespan of their products.