Used as a catalyst in organic synthesis, particularly in polymerization reactions. It facilitates the formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in the production of polymers and complex organic molecules. Also employed in the development of advanced materials, such as fluorinated compounds, which exhibit unique properties like thermal stability and chemical resistance. Applied in research for creating specialty chemicals and in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs). Its role in enhancing reaction efficiency and selectivity makes it a key component in modern synthetic chemistry.