Widely used as a precursor in organometallic chemistry for the synthesis of iron-based catalysts. It serves as a source of reactive iron species in homogeneous catalysis, particularly in reactions involving carbon–hydrogen bond activation and C–C coupling processes. Commonly employed in the development of functional materials, including magnetic and electronic compounds, due to its stable yet reactive iron center. Also utilized in vapor deposition techniques to fabricate thin iron-containing films for semiconductor and sensor applications. Its ligand structure allows for easy modification, making it valuable in designing custom catalysts for industrial organic transformations.