Used as a catalyst in organic synthesis, particularly in cycloaddition and polymerization reactions. Enhances reaction rates and selectivity in the presence of transition metals. Employed in electrochemical applications, including battery research due to lithium ion conductivity. Acts as a source of thiocyanate ions in coordination chemistry for forming metal complexes. Also utilized in analytical chemistry for detection and quantification of certain metal ions. Stable in various solvents, making it suitable for homogeneous reaction systems.