Ethyl phosphate is widely used as a flame retardant in various materials, including plastics, textiles, resins, and foams, due to its ability to inhibit combustion. It is also employed as a stabilizer in the production of polymers, enhancing their durability and resistance to degradation. In the agricultural sector, it serves as an intermediate in the synthesis of pesticides and herbicides, contributing to crop protection. Additionally, ethyl phosphate finds application in the pharmaceutical industry as a reagent in the preparation of certain drugs and active pharmaceutical ingredients. Its role in organic synthesis further extends to the production of esters and other chemical compounds. However, it should be used with caution due to potential impacts on health and the environment.