Used in electrocatalysis for water splitting due to its high activity and stability in alkaline environments. Commonly applied as an electrode material in fuel cells and metal-air batteries. Also utilized in supercapacitors for energy storage because of its redox properties and low cost. Shows promise in environmental applications such as the degradation of organic pollutants through advanced oxidation processes. Frequently employed in solid oxide fuel cells as a cathode component. Its mixed ionic and electronic conductivity makes it suitable for high-temperature electrochemical devices.