This chemical is primarily used as a catalyst or reagent in organic synthesis, particularly in reactions where phosphate transfer is essential. It is effective in facilitating phosphorylation processes, which are crucial in the production of various pharmaceuticals and biochemical compounds. Additionally, it finds application in the development of advanced materials, such as polymers and coatings, where its properties help enhance performance and stability. In research, it is utilized to study enzyme mechanisms and phosphate-related biochemical pathways, aiding in the understanding of metabolic processes. Its role in industrial processes also includes acting as a stabilizer or additive in specific chemical formulations.