Used primarily in organic synthesis and as a catalyst in various chemical reactions. It plays a role in the preparation of chiral compounds due to its ability to form complexes with organic molecules. In analytical chemistry, it serves as a reagent for identifying and quantifying certain substances. Additionally, it is employed in the production of dyes and pigments, contributing to vibrant and stable colors. Its applications extend to the field of electroplating, where it aids in the deposition of copper layers on surfaces. It is also utilized in some educational laboratory experiments to demonstrate chemical principles and reactions.