Used primarily in organic synthesis, this chemical serves as a key reagent for the preparation of phosphorylated compounds. It is particularly valuable in the synthesis of organophosphorus derivatives, which are essential in the development of flame retardants, plasticizers, and pesticides. Additionally, it plays a role in the production of nucleotide analogs, which are crucial in pharmaceutical research, especially for antiviral and anticancer drug development. Its reactivity with amines and alcohols makes it a versatile intermediate in creating complex molecular structures for various industrial and medicinal applications.