This chemical is primarily used as a reagent in organic synthesis, particularly for introducing the trifluoromethanesulfonyl (triflyl) group into molecules. It is highly effective in the preparation of triflyl derivatives, which are valuable intermediates in the development of pharmaceuticals, agrochemicals, and advanced materials. The compound is also employed in catalytic reactions, where it acts as a strong electrophile, facilitating the formation of carbon-nitrogen and carbon-carbon bonds. Its stability and reactivity make it a preferred choice in the synthesis of complex organic compounds, especially in the field of medicinal chemistry where triflyl groups enhance the biological activity of molecules.