This chemical is primarily used as a catalyst and intermediate in various chemical reactions, particularly in the synthesis of polyurethane foams and coatings. It facilitates the polymerization process by accelerating the reaction between isocyanates and polyols, leading to the formation of durable and flexible materials. Additionally, it is employed in the production of epoxy resins, where it acts as a curing agent to enhance the mechanical and thermal properties of the final product. Its application extends to the pharmaceutical industry, where it serves as a building block for the synthesis of certain drugs and active pharmaceutical ingredients. In organic chemistry, it is utilized as a ligand or additive to modify reaction conditions and improve yields. Its versatility makes it valuable in industrial and research settings for developing advanced materials and chemical compounds.