This complex is primarily utilized in the field of materials science, particularly in the development of conductive and magnetic materials. Its unique structure and properties make it suitable for use in organic semiconductors, where it can enhance electrical conductivity. Additionally, it is employed in the synthesis of molecular magnets, contributing to advancements in data storage technologies. The complex also finds applications in catalysis, where it can facilitate specific organic transformations due to its ability to stabilize reactive intermediates. Its role in electrochemical sensors is notable, as it improves sensitivity and selectivity in detecting various analytes.