Used as a source of trifluoromethoxy anion equivalents in organic synthesis, particularly in trifluoromethoxylation reactions. It enables the introduction of the trifluoromethoxy (OCF₃) group into pharmaceuticals and agrochemicals, enhancing metabolic stability, lipophilicity, and bioavailability. The reagent is valued for its stability and selectivity under mild reaction conditions, making it suitable for late-stage functionalization of complex molecules. It is also employed in the development of fluorinated compounds for medicinal chemistry and materials science.