Used primarily in the field of materials science, this compound serves as a precursor for the deposition of gold films and nanoparticles. It is particularly valuable in the production of thin films for electronic and optical devices, where high purity gold is essential. Additionally, it finds application in catalysis, especially in organic synthesis reactions where gold catalysts are required. Its role in the creation of advanced materials for nanotechnology and its use in specialized chemical processes highlight its importance in both industrial and research settings.