Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of flame retardants due to its phosphorus content, enhancing the fire resistance of materials. Additionally, it is utilized in the preparation of ligands for metal-catalyzed reactions, aiding in the creation of complex organic molecules. Its application extends to the field of polymer chemistry, where it contributes to the modification of polymer properties, improving thermal stability and mechanical strength.