TH34 is primarily used as a high-efficiency catalyst in organic synthesis, particularly in cross-coupling reactions involving aryl halides. It enables milder reaction conditions and reduces the need for elevated temperatures or strong bases, making it suitable for sensitive substrates. Its selectivity enhances yield in pharmaceutical intermediates, especially in the production of active ingredients for anti-inflammatory and antiviral drugs. TH34 also shows promise in material science, where it facilitates the polymerization of conductive monomers for flexible electronics. Due to its stability under ambient conditions, it is favored in industrial-scale processes where storage and handling are critical.