This chemical is primarily used as a key intermediate in the synthesis of flame retardants. It plays a crucial role in the production of phosphorus-containing compounds that are incorporated into polymers and plastics to enhance their fire resistance. Additionally, it is utilized in the preparation of cyclic phosphates, which are important in the development of specialized materials for various industrial applications. Its reactivity also makes it valuable in organic synthesis, particularly in the creation of complex molecules for pharmaceuticals and agrochemicals.