Used in advanced electronic devices as a magnetic material due to its unique ferrimagnetic properties. Commonly applied in microwave components such as isolators and circulators in telecommunications and radar systems. Also serves as a substrate material for high-temperature superconducting films in research and industrial applications. Exhibits high thermal stability, making it suitable for use in sensors and specialized optical coatings. Investigated for potential use in spintronics and quantum computing due to its favorable electron spin alignment at low temperatures.