This chemical is primarily utilized in organic synthesis as a reagent for the introduction of trifluoromethyl groups into various organic compounds. Its unique structure allows it to act as a source of nucleophilic trifluoromethyl species, which is particularly valuable in the synthesis of pharmaceuticals and agrochemicals where the trifluoromethyl group can enhance the biological activity and metabolic stability of the compounds. Additionally, it is employed in the development of advanced materials, where the incorporation of fluorine atoms can significantly alter the physical and chemical properties, such as thermal stability and resistance to degradation. Its application in catalytic processes also highlights its role in facilitating more efficient and selective chemical transformations.