This compound is primarily used as a phase-transfer catalyst in organic synthesis. It facilitates the transfer of reactants between immiscible phases, enhancing reaction rates and yields. It is particularly effective in nucleophilic substitution reactions, where it helps in the movement of anions from the aqueous phase to the organic phase. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise control over reaction conditions is crucial. Its role in promoting efficient and selective reactions makes it valuable in industrial and laboratory settings.