This compound is primarily utilized in organic synthesis as a versatile trifluoromethylating agent. It enables the introduction of the trifluoromethyl group into various organic molecules, which is particularly valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. The trifluoromethyl group enhances the metabolic stability, bioavailability, and lipophilicity of compounds, making it a key functional group in drug design. Additionally, it is employed in the synthesis of complex molecules, including natural products and fine chemicals, due to its efficiency and selectivity in reactions. Its use is especially prominent in the preparation of fluorine-containing compounds, which are increasingly important in modern chemistry.