Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of quaternary ammonium compounds, which are widely utilized as surfactants, disinfectants, and phase transfer catalysts. Additionally, it plays a role in the preparation of biologically active molecules, including those with potential applications in central nervous system research. Its reactivity makes it a useful reagent in the modification of polymers and in the development of specialty chemicals for industrial applications.