This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of complex molecules for pharmaceuticals and agrochemicals. Its phosphonate ester group makes it valuable for constructing carbon-phosphorus bonds, which are essential in the development of bioactive compounds. Additionally, it serves as a key reagent in the synthesis of organophosphorus compounds, which find applications in medicinal chemistry and material science. Its role in coupling reactions and as a building block for specialized polymers further highlights its versatility in industrial and research settings.