This chemical is primarily used as an intermediate in the synthesis of organophosphorus compounds, which are widely applied in agriculture as pesticides and herbicides. Its role in the production of these compounds helps in controlling pests and weeds, thereby enhancing crop yield. Additionally, it finds use in the development of flame retardants, contributing to the safety of various materials by reducing their flammability. In the pharmaceutical industry, it serves as a building block for the synthesis of certain drugs, particularly those targeting neurological disorders. Its versatility in chemical reactions also makes it valuable in research and development for creating new materials and compounds.