Used as a catalyst in the synthesis of polymers, particularly polyurethanes and polyesters, due to its ability to accelerate reactions efficiently. It plays a role in the production of pharmaceuticals, where it aids in the formation of active pharmaceutical ingredients (APIs) through its catalytic properties. Additionally, it is employed in the manufacturing of ionic liquids, which are utilized in various industrial applications such as electrolytes in batteries and solvents in chemical processes. Its stability and reactivity make it a valuable component in organic synthesis and industrial chemistry.