This compound is primarily used in biochemical research and organic synthesis due to its role as a sulfonium salt. It serves as a reagent in the preparation of zwitterionic compounds, which are valuable in studying molecular interactions and protein behavior. Additionally, it is utilized in the synthesis of specialized polymers and materials with unique electrical properties. Its application extends to the development of drug delivery systems, where it aids in enhancing the solubility and stability of active pharmaceutical ingredients. In agriculture, it can be employed in the formulation of plant growth regulators, contributing to improved crop yield and stress resistance.