Iron naphthenate is widely used as a catalyst in various chemical reactions, particularly in the production of polymers and resins. It accelerates the curing process in coatings, paints, and varnishes, ensuring a durable and smooth finish. In the wood treatment industry, it serves as a drying agent, enhancing the hardening of wood finishes and protecting against moisture damage. Additionally, it is employed in the manufacture of lubricants and greases, where it improves thermal stability and reduces friction. In the field of agriculture, iron naphthenate is utilized as a micronutrient in fertilizers to address iron deficiencies in soil, promoting healthy plant growth. Its versatility also extends to the petroleum industry, where it acts as a fuel additive to improve combustion efficiency and reduce engine deposits.