This chemical is primarily utilized in the field of organic synthesis, particularly as a reagent or intermediate in the preparation of complex molecules. Its unique structure makes it valuable in the development of heterocyclic compounds, which are often employed in pharmaceuticals and agrochemicals. Additionally, it can serve as a precursor in the synthesis of ionic liquids, which are used in various industrial applications due to their stability and low volatility. Its tetrafluoroborate anion enhances its solubility and reactivity, making it suitable for use in catalytic processes and electrochemical applications.