Used primarily as a refrigerant in low-temperature cooling systems, this compound serves as an effective alternative to high-global-warming-potential refrigerants. It is compatible with various elastomers and lubricants, making it suitable for use in refrigeration units and heat pumps. Due to its low toxicity and non-flammability under standard conditions, it is favored in commercial and industrial refrigeration applications where safety and efficiency are critical. Additionally, it has been explored as a carrier fluid in specialty cleaning and solvent applications for electronic components, where residue-free evaporation is required.