This chemical is primarily utilized in organic synthesis as a reagent for the formation of carbon-carbon and carbon-heteroatom bonds. It is particularly effective in catalyzing reactions that require high selectivity and efficiency, such as the synthesis of complex organic molecules. Its application extends to the development of pharmaceuticals, where it aids in the creation of active pharmaceutical ingredients (APIs) with precise structural configurations. Additionally, it is employed in material science for the preparation of advanced materials with specific electronic or mechanical properties. The compound's stability and reactivity make it a valuable tool in research and industrial processes where controlled chemical transformations are essential.