Used as a highly efficient catalyst in organic synthesis, particularly in Friedel-Crafts acylations and alkylations due to its strong Lewis acidity and thermal stability. It facilitates reactions under mild conditions with high selectivity and yield. Also employed in polymerization processes and as a catalyst in the production of fine chemicals and pharmaceuticals. Its moisture tolerance and reusability make it suitable for industrial applications where robust and sustainable catalysts are required. Additionally, it serves as a component in electrolytes for advanced lithium-ion batteries, enhancing ionic conductivity and electrochemical stability.