Used as a specialized catalyst in organic synthesis, particularly in fluoroalkylation reactions where selective carbon-fluorine bond formation is required. Its stability and solubility in polar solvents make it suitable for reactions involving sensitive substrates, including pharmaceutical intermediates. It is also employed in electrochemical applications, such as electrolyte additives in lithium-ion batteries, where it helps improve cycle life and thermal stability. Additionally, it serves as a boron and fluorine source in the preparation of functional materials for optoelectronics and surface treatments.