This chemical is primarily used in organic synthesis as a reagent for the Wittig reaction, which is a key method for forming carbon-carbon double bonds. It facilitates the conversion of aldehydes and ketones into alkenes, making it valuable in the production of complex organic molecules, including pharmaceuticals and natural products. Its benzyloxycarbonylmethyl group provides a protective functionality, allowing selective transformations in multi-step synthetic processes. Additionally, it is employed in the synthesis of fine chemicals and intermediates, contributing to the development of materials with specific properties for industrial applications.