Used primarily in research and specialized chemical synthesis, this compound serves as a catalyst in organic reactions, particularly in the polymerization of olefins and in certain electrophilic substitution processes. It is also employed in the preparation of other scandium-containing materials used in advanced ceramics and lightweight metal alloys, especially for aerospace and high-performance applications. Due to its ability to form stable complexes, it plays a role in the development of luminescent materials and optical coatings. Additionally, it finds use in the electronics industry for doping in semiconductor materials and in the production of scandium-aluminum alloys for 3D printing and additive manufacturing.