Used as a catalyst in organic synthesis, particularly in oxidation reactions, where it facilitates the conversion of alcohols to aldehydes or ketones. It is also employed in the production of fine chemicals and pharmaceuticals due to its efficient catalytic properties. In analytical chemistry, it serves as a reagent for the detection of reducing substances, such as sugars and phenols, by forming a characteristic blue color. Additionally, it is utilized in the preparation of molybdenum-based materials and coatings, which are applied in various industrial processes. Its ability to act as a strong acid and oxidizing agent makes it valuable in specialized chemical applications.