Used as a phase-transfer catalyst in organic synthesis, facilitating reactions between compounds in different phases. It is also employed in the production of specialty chemicals and polymers, where it acts as a stabilizer or catalyst. In the pharmaceutical industry, it serves as a reagent for synthesizing active pharmaceutical ingredients. Additionally, it is utilized in the preparation of quaternary ammonium compounds, which are important in various industrial applications. Its alkaline nature makes it suitable for use in certain types of chemical analyses and titrations.