This compound is primarily utilized as a phase-transfer catalyst in organic synthesis, facilitating the reaction between substances in different phases, such as aqueous and organic layers. It enhances the efficiency of reactions like alkylation, esterification, and polymerization by transferring ions from one phase to another. Additionally, it is employed in the preparation of ionic liquids, which are used as solvents or electrolytes in various industrial processes, including electrochemistry and green chemistry applications. Its stability and catalytic properties make it valuable in the development of pharmaceuticals, agrochemicals, and specialty chemicals.