This chemical is primarily utilized as a key intermediate in organic synthesis, particularly in the formation of ylides for Wittig reactions. The Wittig reaction is widely employed in the production of alkenes, which are essential building blocks in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and fine chemicals. Its role in facilitating the creation of carbon-carbon double bonds makes it valuable in the development of biologically active compounds and materials with specific optical or electronic properties. Additionally, it may find use in research and development for designing novel compounds with potential applications in drug discovery and material science.