Used as a phase transfer catalyst in organic synthesis, facilitating reactions between compounds in different phases. It enhances the efficiency of nucleophilic substitution, oxidation, and polymerization processes. Commonly employed in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Also utilized in the synthesis of ionic liquids, which are applied in electrochemistry and green chemistry. Acts as a stabilizer in the manufacturing of polymers and resins. Its properties make it valuable in industrial applications where precise control of chemical reactions is required.