Used extensively in catalysis, particularly in organic synthesis, this compound facilitates various gold-mediated reactions, including cyclization and coupling processes. Its stability and reactivity make it a preferred catalyst in the formation of complex organic molecules, especially in pharmaceutical research where precision is crucial. Additionally, it is employed in material science for the development of novel gold-based materials with potential applications in electronics and nanotechnology. Its unique structure allows for efficient and selective transformations, enhancing the efficiency of chemical processes.