Used primarily as a fluorinating agent in organic synthesis, it facilitates the introduction of fluorine atoms into various compounds, enhancing their chemical properties. It is also employed in the preparation of specialty chemicals and pharmaceuticals where fluorinated intermediates are required. Additionally, it serves as a catalyst in certain chemical reactions, improving efficiency and selectivity. Its role in the production of advanced materials, such as polymers and coatings, is notable for imparting desirable characteristics like increased durability and resistance to environmental factors.