Used as a stabilizer in the production of polymers, particularly in PVC, to enhance thermal stability and prevent degradation during processing. It is also employed as an antioxidant in lubricants and greases, helping to extend their service life by preventing oxidation. In the rubber industry, it acts as a vulcanization accelerator, improving the efficiency of the curing process. Additionally, it finds application in the synthesis of organic compounds, serving as an intermediate in the production of various chemicals. Its properties make it valuable in industries requiring materials with high thermal and oxidative resistance.