This compound is widely utilized in organic synthesis, particularly in the Wittig reaction, where it serves as a key reagent for the formation of alkenes. It reacts with aldehydes or ketones to generate olefins, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it is employed in the synthesis of fine chemicals and intermediates due to its ability to facilitate carbon-carbon bond formation. Its stability and reactivity under mild conditions make it a preferred choice in laboratory and industrial settings for constructing specific molecular architectures.