Used as a catalyst in organic synthesis, particularly in oxidation reactions and polymerization processes. It serves as a precursor for preparing cobalt-based nanomaterials and thin films through chemical vapor deposition (CVD) due to its high volatility and thermal stability. Commonly employed in research for spin-coating and sol-gel methods to fabricate functional coatings. Also utilized in luminescent materials and sensors owing to its coordination properties and stable radical scavenging behavior.