This chemical is primarily used in organic synthesis as a versatile reagent. It serves as an effective acylating agent, facilitating the introduction of acetyl groups into various organic molecules. Its application is particularly notable in the modification of amino acids and peptides, where it helps in protecting functional groups during complex synthetic processes. Additionally, it is employed in the preparation of sulfonated compounds, which are valuable intermediates in the development of pharmaceuticals and agrochemicals. Its reactivity and stability make it a useful tool in research and industrial chemistry for creating specialized chemical structures.