Used as a catalyst in industrial oxidation processes, particularly in the production of chemicals and in the decomposition of hydrogen peroxide. Employed in the manufacture of ferrites for electronic components due to its magnetic properties. Applied in lithium-ion battery materials as a precursor for cathode synthesis. Utilized in the glass and ceramic industries to adjust color and remove impurities. Also investigated for use in supercapacitors and other energy storage devices because of its redox activity and stability.