Used as an intermediate in organic synthesis, particularly in the production of esters and other carbonyl compounds. Employed in the preparation of pharmaceuticals, agrochemicals, and dyes due to its ability to transfer methyl groups. Serves as a solvent and reagent in methylation reactions. Also explored in the synthesis of polycarbonates and biodegradable polymers. Shows application in electrochemical processes and as a precursor in the manufacture of specialty chemicals.