Used as a reagent in organic synthesis, particularly in silver-mediated fluorination and trifluoromethylation reactions. It serves as a source of silver ions in catalytic systems for cross-coupling reactions, enabling the formation of carbon–fluorine and carbon–carbon bonds. Commonly applied in the preparation of fluorinated pharmaceuticals and agrochemicals due to its ability to introduce trifluoromethyl groups efficiently. Also utilized in materials science for the synthesis of fluorinated polymers and specialty coatings where thermal and chemical stability are required.