Used in organic synthesis as a reagent for introducing trifluoroethyl groups into molecules, enhancing their properties for pharmaceutical and agrochemical applications. It serves as a catalyst or co-catalyst in polymerization reactions, improving the efficiency of producing specialized polymers. Additionally, it is employed in the development of electrolytes for advanced battery systems, contributing to better conductivity and stability. Its unique structure makes it valuable in creating fluorinated compounds with specific reactivity and stability profiles.