Used as a precursor in the preparation of neodymium-doped materials for laser applications. It serves as an effective dopant source in sol-gel processes to fabricate optical glasses and ceramics with enhanced luminescent properties. Employed in chemical vapor deposition (CVD) to form thin films for optoelectronic devices. Its high volatility and thermal stability make it suitable for creating uniform neodymium-containing coatings used in amplifiers and solid-state lasers. Also utilized in research for developing magnetic and catalytic materials due to its stable coordination structure.