Widely used as a non-coordinating anion in organometallic and catalytic chemistry, this compound stabilizes highly reactive cationic species without interfering in the reaction. It is particularly effective in olefin polymerization, where it activates metallocene and other single-site catalysts by generating active cationic centers. Its robust thermal stability and resistance to decomposition make it ideal for industrial polymerization processes. It also finds use in the synthesis of frustrated Lewis pairs and in studying cationic intermediates in organic transformations. Due to the electron-withdrawing trifluoromethyl groups, it provides exceptional solubility in nonpolar solvents and enhances catalyst longevity and activity.