This chemical is primarily used in the field of catalysis, particularly in organic synthesis. It serves as a highly efficient catalyst for various reactions, including the hydration of alkynes, cyclization processes, and the formation of carbon-heteroatom bonds. Its stability and selectivity make it valuable in the production of fine chemicals and pharmaceuticals. Additionally, it is employed in gold-mediated transformations, enabling the synthesis of complex molecular structures with high precision. Its application extends to materials science, where it is utilized in the development of advanced materials with specific electronic or optical properties.