This chemical is primarily used in organic synthesis, particularly in the field of catalysis. It serves as a highly effective catalyst for various gold-mediated reactions, including cyclization, hydration, and oxidation processes. Its application is especially valuable in the synthesis of complex organic molecules, such as natural products and pharmaceuticals, where it facilitates the formation of carbon-carbon and carbon-heteroatom bonds with high selectivity and efficiency. Additionally, it is employed in the preparation of gold nanoparticles, which have applications in materials science, electronics, and medical diagnostics. The compound's stability and reactivity make it a versatile tool in advanced chemical research and industrial processes.