Used as a powerful oxidizing agent in organic synthesis, particularly in reactions requiring mild and selective oxidation. Commonly employed in catalytic systems for the oxidation of alcohols and alkenes. Also utilized in electrochemical applications due to its high ionic conductivity in solution. Plays a role in the preparation of other silver-based reagents and in certain coordination chemistry processes where a non-coordinating anion is beneficial. Handle with care due to its strong oxidizing properties and potential for explosive reactions with organic materials.