Used as a flame retardant in various polymers and plastics, enhancing fire resistance in materials like textiles and electronics. It acts as a stabilizer in polyurethane foams, preventing degradation during processing and use. In organic synthesis, it serves as a reagent for introducing phosphinate groups into molecules, aiding in the creation of pharmaceuticals and agrochemicals. Additionally, it is employed in the production of specialty coatings, providing improved durability and flame retardancy to surfaces. Its role in reducing flammability makes it valuable in industries prioritizing safety and material performance.