Used as a catalyst in organic synthesis, particularly in acylation reactions, where it enhances the rate of esterification and amidation processes. It is valuable in peptide synthesis and the production of pharmaceuticals, enabling efficient coupling reactions. The polymer-bound form allows for easy separation and recycling, making it suitable for continuous flow chemistry and industrial applications. It also finds use in polymer chemistry for modifying polymers and in the synthesis of complex organic molecules. Its immobilization on a polymer support minimizes contamination and simplifies purification steps.