Used as a reagent in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its unique ionic structure makes it suitable as a phase-transfer catalyst, facilitating reactions between compounds in different phases. It is also employed in the synthesis of amides and peptides due to the mild conditions it provides. Additionally, it serves as a stabilizer or additive in certain polymerization processes, helping control reaction rates and improve product consistency. Its trifluoroacetate component offers good solubility in polar solvents, enhancing its utility in extraction and purification steps.