Used primarily in metal-organic chemical vapor deposition (MOCVD) processes to produce neodymium-containing thin films for advanced electronic and optical devices. Its volatility and thermal stability make it suitable as a precursor for fabricating phosphors, laser materials, and magnetic coatings. Also employed in the synthesis of nanomaterials and catalysts due to its controlled decomposition behavior. The compound’s solubility in organic solvents allows for use in solution-based techniques such as spin coating and inkjet printing for optoelectronic applications.