Used as a precursor in the synthesis of organometallic compounds, it plays a crucial role in the production of specialty chemicals and materials. It is employed in the manufacturing of catalysts for polymerization processes, particularly in the creation of polyolefins. Additionally, it serves as a reagent in organic synthesis, facilitating the formation of carbon-magnesium bonds for various chemical transformations. Its applications extend to the development of advanced materials, including semiconductors and nanomaterials, where it contributes to precise deposition and modification processes.