Used as a phase-transfer catalyst in organic synthesis, facilitating the transfer of reactants between immiscible phases, enhancing reaction rates and yields. It is particularly effective in reactions involving anions, such as nucleophilic substitutions and polymerizations. Additionally, it serves as a stabilizing agent in the preparation of ionic liquids, improving their thermal and chemical stability. Its role in the synthesis of fine chemicals and pharmaceuticals is notable, where it aids in the efficient production of complex molecules. The compound is also employed in electrochemical applications, where it helps in the development of stable electrolytes for batteries and other energy storage devices.