Used as a co-catalyst in olefin polymerization reactions, enhancing the activity and selectivity of the process. It is also employed in the synthesis of organometallic compounds, where it acts as a non-coordinating anion to stabilize cationic species. Additionally, it finds application in the development of electrolytes for lithium-ion batteries, improving conductivity and performance. In organic synthesis, it serves as a Lewis acid catalyst for various reactions, including Friedel-Crafts alkylation and acylation. Its unique properties make it valuable in advanced material science for creating highly efficient and stable catalytic systems.