This compound is primarily utilized in organic synthesis as a phase-transfer catalyst. It facilitates the transfer of reactants between immiscible phases, enhancing reaction rates and yields in various chemical processes. It is particularly effective in nucleophilic substitution reactions, where it helps in the formation of carbon-carbon and carbon-heteroatom bonds. Additionally, it finds application in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals, due to its ability to stabilize reactive intermediates and promote selective transformations. Its use in polymer chemistry is also notable, aiding in the modification of polymer properties and the development of advanced materials.