This compound is widely used as a phase transfer catalyst in organic synthesis, facilitating the transfer of reactants between immiscible phases, particularly in reactions involving anions. It is also employed in the preparation of nanoparticles, where it acts as a stabilizing agent to control particle size and prevent aggregation. Additionally, it finds application in the textile industry as a softening agent and antistatic agent for fabrics. In analytical chemistry, it is utilized as an ion-pairing agent to enhance the separation of ionic compounds in chromatography. Its antimicrobial properties make it suitable for use in disinfectants and preservatives in various industrial and consumer products.