This chemical is primarily used in catalysis, particularly in organic synthesis. It is effective in facilitating various gold-catalyzed reactions, such as cyclization, hydration, and addition reactions, which are crucial in the production of complex organic molecules. Its stability and reactivity make it a valuable component in the synthesis of pharmaceuticals, where precise and efficient reactions are essential. Additionally, it is employed in materials science for the development of advanced materials with specific electronic or optical properties. Its ability to act as a catalyst in controlled environments allows for the creation of high-purity compounds, which are critical in both industrial and research applications.