It is primarily used as a reagent in organic synthesis, particularly in the preparation of organolithium compounds. Its ability to stabilize lithium ions makes it valuable in reactions where precise control of lithium is required. Additionally, it finds application in electrochemical studies, especially in the development of lithium-ion batteries, where it acts as an electrolyte additive to enhance conductivity and stability. The compound is also utilized in the synthesis of complex organic molecules, aiding in the formation of carbon-carbon bonds. Its role in catalysis and as a phase-transfer catalyst further extends its utility in various chemical processes.