Widely used as a catalyst in polymerization reactions, particularly in the synthesis of polyolefins. It enables controlled formation of polymers with specific molecular weights and structures. Also employed in chemical vapor deposition (CVD) processes to produce thin chromium-containing films for electronic and optical coatings. Its organometallic structure makes it effective in homogeneous catalysis, where it facilitates carbon-carbon bond formation under mild conditions. Additionally, it serves as a precursor in the preparation of other chromium-based catalysts and materials for industrial chemistry.