This compound is primarily utilized in organic synthesis as a reagent or intermediate in the development of more complex chemical structures. Its unique structure makes it valuable in the creation of heterocyclic compounds, which are often employed in pharmaceutical research for drug discovery. The presence of the tetrafluoroborate ion enhances its stability and solubility, making it suitable for use in various reaction conditions. Additionally, it can be used in the study of reaction mechanisms, particularly those involving nitrogen-containing heterocycles, due to its reactive nature and ability to participate in cyclization and functionalization processes. Its applications extend to materials science, where it may contribute to the synthesis of novel organic materials with potential electronic or optical properties.