This chemical is primarily utilized in organic synthesis as a specialized reagent, particularly in the development of fluorinated compounds. Its unique structure, featuring a perfluorophenyl group, makes it valuable for introducing fluorine atoms into target molecules, which is critical in pharmaceuticals and agrochemicals to enhance stability, bioavailability, and metabolic resistance. It is also employed in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for creating drugs with specific biological activities. Additionally, its tetrafluoroborate counterion contributes to its solubility and reactivity in various organic reactions, making it a versatile tool in advanced chemical research.