This compound is primarily utilized in organic synthesis as a reagent for the preparation of various organic molecules. It is particularly effective in Wittig reactions, where it facilitates the formation of alkenes by reacting with carbonyl compounds. This makes it valuable in the synthesis of complex organic structures, including pharmaceuticals, agrochemicals, and fine chemicals. Its role in generating specific alkene products with high selectivity is crucial in research and industrial applications, aiding in the development of new compounds with potential therapeutic or functional properties. Additionally, it can be employed in the modification of polymers and materials to introduce specific chemical functionalities.