Used primarily in catalysis, this compound is effective in facilitating various organic transformations, including cyclization and coupling reactions. Its application in the synthesis of complex organic molecules is notable, particularly in the pharmaceutical industry where it aids in the production of active pharmaceutical ingredients. Additionally, it serves as a precursor in the preparation of other gold-containing complexes, which are utilized in materials science for developing advanced materials with specific electronic or optical properties. The compound's stability and reactivity make it a valuable tool in research and industrial processes involving gold catalysis.