This chemical is primarily utilized in organic synthesis as a phase-transfer catalyst. It facilitates the transfer of reactants between immiscible phases, enhancing reaction rates and yields. It is particularly effective in nucleophilic fluorination reactions, where it helps introduce fluorine atoms into organic molecules, a critical step in the synthesis of pharmaceuticals and agrochemicals. Additionally, it is used in the preparation of organotin compounds, which are valuable in various industrial applications, including stabilizers for PVC and biocides. Its ability to stabilize reactive intermediates makes it a useful reagent in complex chemical transformations.