Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of quaternary ammonium compounds, which are essential in the development of antimicrobial agents and surfactants. Additionally, it finds application in the preparation of ionic liquids, which are utilized in green chemistry for their non-volatile and recyclable properties. Its role in catalysis and as a phase-transfer catalyst further enhances its utility in facilitating chemical reactions, especially in biphasic systems.