Used as a highly effective catalyst in organic synthesis, particularly in esterification and etherification reactions. It promotes carbon-carbon and carbon-heteroatom bond formation under mild conditions. Commonly applied in Friedel-Crafts alkylation and acylation due to its strong Lewis acidity and stability. Soluble in various organic solvents, making it suitable for homogeneous catalysis. Also employed in polymerization reactions, conversion of biomass-derived compounds, and the production of pharmaceuticals and complex chemicals. Exhibits good reusability and maintains activity in the presence of moisture compared to other metal triflates.