Thread sealant is made for NPT threads. If you have NPT threads, then you can use a thread sealer compatible with hydraulic oil.
If your threads are AN, JIC, ORB, etc, thread sealant won't do a bit of good. Check fittings and sealing surfaces and make sure they aren't pitted, scarred, or otherwise damaged to prevent sealing. ORB fittings require an O ring. Check this and replace; make sure the sealing surface is free from defects, etc.
If all looks well and you are still getting leaks, it's likely you need new hoses and fittings.