Primarily used in the synthesis of gold nanoparticles, this compound serves as a crucial precursor due to its stability and solubility in various solvents. It is also employed in the preparation of gold-based catalysts, which are essential in organic synthesis and industrial chemical processes. Additionally, it finds application in the field of materials science for the deposition of thin gold films on substrates, enhancing their electrical conductivity and corrosion resistance. In analytical chemistry, it is utilized for the precise determination of gold content in samples through spectrophotometric methods. Its role in the development of advanced electronic components and sensors further underscores its importance in modern technology.