Developers are organic reducing agents (in common gobbledygook parlance 'anti-oxidants') and are subject to UV induced oxidation, well oxidation isn't exactly the right word but the UV strips away the compounds' reducing capability. All developing agents are similarly sensitive to UV: hydroquinone, metol, vitamin C, phenidone, pyrogalol, cathechol, etc., etc.. 'Oxidizer' doesn't necessarily mean oxygen the element, but a chemical that has the ability to borrow electrons from another chemical that would like to temporarily offload some - the two get combine in a redox reaction. However, the oxygen in air is the usual culprit that causes developer to go bad before use. If you keep developer in plastic bottles you will notice that the bottles get pinched in a few days - this is because the oxygen in the trapped air has been taken up by combining with the sulfite and developing agents.
Liquid developer is packaged in brown bottles to enhance shelf life at the store. When you get it home it sits in the darkroom, which is, well, dark. Brown bottles are a waste of money unless you keep your developer on a sunny window ledge.
'Free radical' is gobbledygook for an oxidizing agent - the concept of a 'bound radical' is an oxymoron, making the concept of a 'free radical' equally idiotic (sorry, it's a soapbox of mine).