This chemical is primarily used as a phase transfer catalyst in organic synthesis. It facilitates the transfer of reactants between immiscible phases, such as aqueous and organic layers, enhancing reaction efficiency. It is particularly valuable in nucleophilic substitution reactions, where it helps in the transfer of anions from the aqueous phase to the organic phase. Additionally, it finds application in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals, where precise control over reaction conditions is crucial. Its ability to stabilize reactive intermediates also makes it useful in polymerization processes.