Used as a precursor in sol-gel processes for synthesizing iron oxide thin films and nanoparticles, which are applied in magnetic storage devices, sensors, and catalytic systems. It serves as a source of iron in the preparation of functional coatings with photochemical or electrochemical properties. Also utilized in the fabrication of semiconductor materials and ceramic oxides due to its ability to form high-purity metal oxides upon thermal decomposition. Its reactivity allows for controlled hydrolysis and condensation reactions, making it suitable for creating nanostructured iron-based materials in research and industrial applications.