This compound is primarily utilized in organic synthesis as a reagent for the preparation of various chemical intermediates. It is particularly effective in facilitating the formation of quaternary ammonium salts, which are valuable in the development of phase-transfer catalysts. These catalysts play a crucial role in enhancing the efficiency of reactions between compounds in different phases, such as aqueous and organic. Additionally, it is employed in the synthesis of pharmaceutical compounds, where its structure contributes to the creation of biologically active molecules. Its application extends to research settings, where it aids in the study of reaction mechanisms and the development of new synthetic pathways.