This chemical is primarily used in organic synthesis as a nitrating agent, enabling the introduction of nitro groups into various organic compounds. It is particularly valuable in the preparation of nitroaromatic compounds, which are essential intermediates in the production of dyes, pharmaceuticals, and agrochemicals. Additionally, its oxidizing properties make it useful in certain chemical reactions where selective oxidation is required. Its stability and efficiency in nitration processes contribute to its application in research and industrial settings for developing complex organic molecules.