Used as a highly efficient hypervalent iodine-based reagent in organic synthesis, particularly for trifluoromethylation reactions. It serves as a stable and selective source of electrophilic trifluoromethyl groups, enabling the introduction of CF₃ into various aromatic and heteroaromatic compounds under mild conditions. This reagent is valuable in pharmaceutical and agrochemical research where incorporation of trifluoromethyl groups enhances metabolic stability, lipophilicity, and bioavailability of active molecules. Its tetrafluoroborate salt form contributes to improved shelf stability and solubility in polar organic solvents, making it suitable for use in a wide range of catalytic and stoichiometric transformations.