Used primarily in the synthesis of iridium-based catalysts for industrial and research applications. It serves as a precursor for producing iridium metal films in electronic components and specialized coatings. Employed in the preparation of luminescent iridium complexes used in organic light-emitting diodes (OLEDs). Also utilized in electroplating processes where a high-purity iridium layer is required for corrosion resistance and durability in extreme environments. Its role as a starting material in organometallic chemistry makes it valuable for developing new catalytic systems in fine chemical and pharmaceutical manufacturing.