Used in organic synthesis as a phase-transfer catalyst, facilitating reactions between compounds in different phases. It is particularly effective in the preparation of cyclopentene derivatives and other cyclic compounds. Additionally, it serves as a reagent in Wittig reactions, enabling the formation of alkenes from aldehydes or ketones. Its application extends to the synthesis of pharmaceuticals and fine chemicals, where it aids in the creation of complex molecular structures. The compound is also utilized in polymer chemistry for modifying polymer properties and in material science for developing advanced materials with specific characteristics.