This chemical is primarily utilized in organic synthesis as a versatile reagent. It is particularly effective in facilitating oxidative transformations, such as the conversion of alcohols to aldehydes or ketones. Its unique structure allows it to act as a mild oxidizing agent, making it suitable for reactions where stronger oxidants might cause unwanted side reactions. Additionally, it is employed in the synthesis of heterocyclic compounds, contributing to the development of pharmaceuticals and agrochemicals. Its stability and reactivity under mild conditions make it a valuable tool in the preparation of complex organic molecules.