Used as a fluorinating agent in organic synthesis, particularly for converting alcohols to alkyl fluorides. It is effective in introducing fluorine atoms into complex molecules, which is valuable in pharmaceutical and agrochemical research. The compound is known for its stability and ease of handling, making it suitable for use in laboratories and industrial processes. It is also employed in the preparation of fluorinated intermediates, which are crucial in the development of various bioactive compounds. Its selective reactivity allows for precise control in synthetic pathways, enhancing the efficiency of fluorination reactions.