Used primarily as a chemical intermediate in the synthesis of various organophosphorus compounds. It plays a role in the development of flame retardants, which are incorporated into materials like plastics and textiles to enhance fire resistance. Additionally, it is utilized in the production of pesticides, where it acts as a precursor for active ingredients that protect crops from pests. The compound is also explored in research for potential applications in medicinal chemistry, particularly in the design of enzyme inhibitors. Its unique chemical structure allows it to interact with biological targets, making it valuable in the study of biochemical pathways.