Iron(III) trifluoroacetylacetonate is primarily used in the field of materials science and nanotechnology. It serves as a precursor in the synthesis of iron oxide nanoparticles, which are widely applied in magnetic storage media, biomedical imaging, and targeted drug delivery systems. The compound is also utilized in chemical vapor deposition (CVD) processes to produce thin films of iron oxides, which are essential in the fabrication of electronic devices, sensors, and catalysts. Additionally, it plays a role in the preparation of advanced coatings and functional materials due to its ability to form stable complexes and its thermal decomposition properties.