This chemical is primarily used as a versatile reagent in organic synthesis, particularly in the introduction of trifluoromethylsulfonyl (triflate) groups. It serves as a key intermediate in the preparation of complex molecules, especially in pharmaceutical research and development. Its application extends to the synthesis of biologically active compounds, where it aids in the construction of carbon-carbon and carbon-heteroatom bonds. Additionally, it is employed in the production of agrochemicals and specialty chemicals, where its reactivity and stability under various conditions make it a valuable tool for chemists.