Used as a reagent in organic synthesis, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is effective in facilitating reactions such as cycloadditions and coupling reactions, making it valuable in the production of complex organic molecules. Its role in catalysis is crucial for enhancing reaction efficiency and selectivity. Additionally, it is employed in the development of pharmaceuticals and agrochemicals, where precise molecular construction is essential. The compound's stability and reactivity under various conditions make it a versatile tool in advanced chemical research and industrial applications.