Used as a source of non-coordinating anion in organometallic chemistry, it facilitates the stabilization of cationic species in catalytic processes. Its application is crucial in polymerization reactions, where it helps in the generation of highly active catalysts. Additionally, it is employed in electrochemical studies to enhance the conductivity of electrolytes in lithium-ion batteries. The compound provides a weakly coordinating anion that forms stable salts with various cations, making it valuable in the synthesis of complex organic molecules and materials with specific electronic properties.