Used primarily as a catalyst in the production of polyurethane foams, it helps control the reaction between isocyanates and polyols, ensuring optimal foam structure and properties. It is also employed in the synthesis of pharmaceuticals, particularly in the preparation of active pharmaceutical ingredients (APIs) where its role as a reagent or intermediate is crucial. Additionally, it finds application in organic synthesis for the preparation of various chemical compounds, including agrochemicals and specialty chemicals. Its stabilizing and catalytic properties make it valuable in industrial processes requiring precise chemical control.