This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for creating more complex molecules due to its reactive phosphate and hydroxyl groups. In the pharmaceutical industry, it is employed in the synthesis of drugs that target various medical conditions, including inflammation and bacterial infections. Additionally, it finds application in the development of specialty chemicals used in research and industrial processes. Its ability to act as a phosphorylating agent makes it valuable in modifying organic compounds to enhance their biological activity or stability.