This chemical is primarily utilized as a phase-transfer catalyst in organic synthesis, facilitating the movement of reactants between immiscible phases, such as aqueous and organic layers. It is particularly effective in reactions like alkylation, acylation, and nucleophilic substitutions, where it enhances reaction rates and yields. Additionally, it finds application in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, due to its ability to stabilize reactive intermediates. Its use in polymer chemistry is also notable, where it aids in the polymerization process and modification of polymer properties.