This chemical is primarily used as a weakly coordinating anion in various chemical reactions, particularly in organometallic chemistry and catalysis. Its application is significant in stabilizing highly reactive cations, which are often involved in polymerization processes. It is also utilized in the synthesis of ionic liquids, where its low nucleophilicity and high stability are advantageous. Additionally, it finds use in electrochemical applications, such as in the development of electrolytes for batteries, due to its ability to enhance ionic conductivity. In organic synthesis, it serves as a catalyst or co-catalyst in reactions requiring mild conditions, contributing to improved yields and selectivity.