Used as a phase transfer catalyst in organic synthesis, facilitating reactions between compounds in different phases. It is also employed in the preparation of quaternary ammonium compounds. In analytical chemistry, it serves as an ion-pairing agent in chromatography. Additionally, it is utilized in the production of specialty chemicals and as a corrosion inhibitor in certain industrial processes. Its role in electrochemical studies includes acting as an electrolyte additive to enhance performance in batteries and supercapacitors.