Used as a selective oxidizing agent in organic synthesis, particularly for the transformation of thiols and disulfides into higher oxidation state sulfur compounds. It is effective in promoting C–S bond formation and has been employed in the synthesis of sulfur-containing heterocycles, which are important in pharmaceutical and agrochemical industries. Its stability and solubility in polar solvents make it suitable for use in electrochemical applications and as a reagent in mild reaction conditions where strong acids or metals must be avoided.