This chemical is primarily used in research and development as a phase transfer catalyst. It facilitates the transfer of reactants between aqueous and organic phases in chemical reactions, enhancing reaction efficiency and yield. It is particularly useful in organic synthesis, including alkylation and polymerization processes. Additionally, it finds application in the preparation of specialty chemicals and pharmaceuticals, where it aids in the synthesis of complex molecules. Its role in improving reaction kinetics makes it valuable in industrial and laboratory settings.