Used as a catalyst in organic synthesis, particularly in reactions involving carbon-carbon bond formation such as epoxide opening and coupling reactions. It also shows potential in polymerization processes, where it helps control the structure and properties of polymers. Investigated for use in medicinal chemistry due to its antitumor properties, especially in targeting certain cancer cells, though it remains primarily a research compound in this area. Additionally, employed in academic and industrial research for studying organometallic reaction mechanisms.