Used primarily as a catalyst in organic synthesis, particularly in carbon-carbon bond-forming reactions. It promotes coupling reactions under mild conditions with high selectivity. Also employed in the development of bismuth-based reagents for pharmaceutical applications due to low toxicity compared to other heavy metals. Shows utility in materials science for synthesizing metal-organic frameworks and as a precursor in thin-film deposition processes. Its stability and reactivity profile make it suitable for use in air- and moisture-sensitive transformations when handled under inert atmosphere.