This chemical is primarily utilized in the field of catalysis, particularly in organic synthesis reactions. Its unique structure allows it to act as an efficient catalyst for the oxidation of various organic compounds, enhancing reaction rates and selectivity. Additionally, it finds application in the development of advanced materials, such as coordination polymers, due to its ability to form stable complexes with other molecules. In research, it is also employed to study the electronic and magnetic properties of transition metal complexes, contributing to the understanding of molecular behavior in different environments.