This chemical is primarily utilized in the field of electrochemistry and materials science due to its redox-active ferrocene moiety. It is often employed as a mediator or catalyst in electrochemical reactions, facilitating electron transfer processes. Its application extends to the development of biosensors, where it enhances the sensitivity and stability of the sensing platform. Additionally, it is used in the synthesis of ionic liquids and as a precursor for creating modified electrodes, which are crucial in various analytical and industrial processes. Its unique properties also make it valuable in research focused on molecular electronics and nanotechnology.