Used as an intermediate in the synthesis of organophosphorus compounds, particularly in the development of pesticides and flame retardants. Its structure allows for effective phosphorylation in organic transformations, making it valuable in agrochemical manufacturing. It also serves as a reagent in the preparation of nerve agent simulants for research and detection method development, due to its similar reactivity profile without the extreme toxicity. Additionally, it finds use in polymer chemistry as a catalyst or stabilizer in certain condensation reactions.