This compound finds its primary application in the field of organic synthesis, particularly as a catalyst or reagent in various chemical reactions. Its unique structure allows it to facilitate the formation of complex organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is utilized in the development of advanced materials, where its properties contribute to the creation of polymers and other specialized compounds. Its role in enhancing reaction efficiency and selectivity makes it a key component in research and industrial processes.