This chemical is primarily utilized as a catalyst or reagent in organic synthesis, particularly in reactions involving phosphorylation. It is effective in facilitating the formation of phosphate esters, which are crucial in the production of various pharmaceuticals and agrochemicals. Additionally, it is employed in the preparation of specialty chemicals where controlled release of phosphate groups is required. Its role in enhancing reaction efficiency and selectivity makes it valuable in research and industrial applications, especially in the development of advanced materials and bioactive compounds.