This chemical is widely used as a catalyst in organic synthesis, particularly in the production of polyurethanes and epoxy resins. It accelerates the curing process, ensuring faster and more efficient polymerization. Additionally, it serves as a stabilizer in the manufacturing of polymers, enhancing their durability and performance. In pharmaceutical research, it is utilized as a reagent for the synthesis of various compounds, aiding in the development of new drugs. Its role in promoting chemical reactions makes it valuable in industrial and laboratory settings.