This chemical is primarily used as a catalyst in organic synthesis, particularly in reactions involving the formation of carbon-carbon and carbon-heteroatom bonds. It is highly effective in promoting esterification, transesterification, and polymerization processes. In the production of polyurethanes and polyesters, it acts as a stabilizer and catalyst, ensuring efficient and controlled reactions. Additionally, it is utilized in the synthesis of specialty chemicals and pharmaceuticals, where precise catalytic activity is required. Its strong Lewis acid properties make it suitable for applications in fine chemical manufacturing and advanced material development.