Triallyl phosphate is widely used as a reactive diluent and crosslinking agent in the production of polymers and resins. It enhances the mechanical properties, thermal stability, and chemical resistance of the final products, making it valuable in coatings, adhesives, and composite materials. Additionally, it serves as a flame retardant in various industrial applications, improving fire safety in materials like plastics and textiles. Its ability to polymerize under specific conditions also makes it useful in the synthesis of specialty chemicals and advanced materials.