Used as a precursor in palladium-based catalyst synthesis for cross-coupling reactions, such as Suzuki and Heck reactions, which are key in pharmaceutical and fine chemical manufacturing. Serves as a source of palladium in electroless plating solutions, enabling uniform metal coatings on electronics and semiconductors. Applied in research for developing palladium complexes in homogeneous catalysis. Also utilized in the preparation of palladium nanoparticles for use in sensors and conductive inks.