This chemical is primarily utilized in catalysis, particularly in organic synthesis. It serves as a highly effective catalyst in various gold-catalyzed reactions, such as cyclization, hydration, and hydroamination processes. Its robust structure and stability make it suitable for facilitating complex transformations in the synthesis of pharmaceuticals, natural products, and fine chemicals. Additionally, it is employed in the development of advanced materials, where its unique properties enhance the efficiency and selectivity of catalytic systems. Its application is particularly valued in asymmetric synthesis, where it contributes to the production of chiral molecules with high enantiomeric purity.