Used in medicinal chemistry as a building block for synthesizing organometallic drugs, particularly in cancer research due to the redox-active ferrocene moiety enhancing cytotoxicity. Employed in electrochemical sensors for detecting biomolecules, leveraging its stable and reversible oxidation behavior. Applied in materials science to develop redox-responsive polymers and molecular electronics. Also utilized in catalysis and as a ligand precursor in synthetic organic transformations.