This complex is widely used as a catalyst in organic synthesis, particularly in polymerization reactions. It facilitates the production of polymers like polyethers and polyesters by enhancing the reaction efficiency. Additionally, it is employed in the synthesis of pharmaceuticals and fine chemicals, where it acts as a Lewis acid to promote various chemical transformations. Its ability to stabilize reactive intermediates makes it valuable in complex organic reactions. In the field of electronics, it is utilized in the manufacturing of semiconductors and other electronic components due to its precise reactivity.