Used as a catalyst in organic synthesis, particularly in coupling reactions such as C–N and C–O bond formations. It shows high efficiency in the synthesis of pharmaceuticals and agrochemicals due to its stability and reactivity under mild conditions. Also applied in photoredox catalysis, where it facilitates radical-based transformations using visible light. Its trifluoromethyl groups enhance solubility in fluorinated solvents, enabling use in biphasic reaction systems. Additionally, it serves as a precursor in materials science for developing luminescent complexes and metal-organic frameworks.