Used as a strong oxidizing agent in chemical synthesis, particularly in reactions requiring anhydrous or mildly acidic oxidative conditions. Effective in catalyzing oxidation of organic compounds such as alcohols and sulfides. Employed in analytical chemistry for iron detection and in some pyrotechnic compositions due to its oxidizing properties. Also utilized in research settings for preparing other iron-based catalysts or coordination complexes. Requires careful handling due to high reactivity with organic materials and potential for explosive reactions under improper storage.