This compound is primarily used as a phase-transfer catalyst in organic synthesis, facilitating the transfer of reactants between immiscible phases, such as aqueous and organic layers. It is particularly effective in reactions like nucleophilic substitutions, oxidations, and polymerizations, where it enhances reaction rates and yields. Additionally, it finds application in the preparation of ionic liquids, which are used in various industrial processes, including electrochemistry and catalysis. Its stability and solubility in organic solvents make it a valuable component in the synthesis of complex organic molecules.