This chemical is primarily utilized in catalysis, particularly in organic synthesis. It serves as a highly effective catalyst in various gold-mediated reactions, including cyclization, hydration, and oxidation processes. Its stability and reactivity make it suitable for constructing complex molecular structures, often used in pharmaceutical research and development. Additionally, it is employed in the synthesis of fine chemicals and specialty materials, where precise control over reaction pathways is essential. Its unique structure allows for efficient activation of substrates, enabling the production of high-value compounds with minimal byproducts.