It is commonly used as a catalyst in organic synthesis, particularly in reactions involving the formation of carbon-carbon bonds. Its ionic nature makes it effective in facilitating various chemical transformations, such as the synthesis of heterocyclic compounds. Additionally, it is employed in the preparation of ionic liquids, which are utilized as solvents in green chemistry applications due to their low volatility and high thermal stability. In material science, it serves as a precursor for the synthesis of organic semiconductors and other advanced materials. Its role in electrochemical applications is also notable, where it is used in the development of energy storage devices like batteries and supercapacitors.