Widely used in organic synthesis as a reagent for the preparation of quaternary ammonium salts. It plays a crucial role in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). The compound is also employed in the manufacturing of dyes and pigments, where it acts as a stabilizing agent. Additionally, it is utilized in the field of agrochemicals for the development of herbicides and pesticides. Its ability to act as a catalyst in various chemical reactions makes it valuable in industrial processes. Furthermore, it is used in research laboratories for the study of chemical reactions and the development of new compounds.