This chemical is primarily used as a phase-transfer catalyst in organic synthesis, facilitating reactions between compounds in different phases, such as aqueous and organic. It is particularly effective in enhancing the rate of nucleophilic substitution reactions, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the synthesis of quaternary ammonium compounds, which are widely used as surfactants, disinfectants, and fabric softeners. Its ability to stabilize reactive intermediates also makes it useful in polymer chemistry for the production of specialized resins and coatings.