Used as a catalyst or reagent in organic synthesis, particularly in trifluoromethylation reactions. It facilitates the introduction of trifluoromethyl groups into organic molecules, which is valuable in pharmaceutical and agrochemical development due to the enhanced metabolic stability and lipophilicity imparted by CF₃ groups. Its borate structure offers improved selectivity and reactivity under mild conditions, making it suitable for complex molecule synthesis. Often employed in cross-coupling reactions and fluorinated building block preparations.