Used as a precursor in the synthesis of indium-containing materials for thin-film transistors and transparent conductive coatings. Plays a role in the fabrication of indium oxide-based semiconductors used in optoelectronic devices such as OLEDs and solar cells. Employed in sol-gel processes to produce indium-doped tin oxide (ITO) films, which are essential for touchscreens, flat panel displays, and energy-efficient windows. Also utilized in research for catalyst development and nanomaterial synthesis due to its controlled reactivity and solubility properties.