Used as a precursor in the synthesis of neodymium-containing materials for optical coatings and thin films. Employed in chemical vapor deposition (CVD) processes to create luminescent materials and laser components. Serves as a catalyst in organic reactions, particularly in polymerization and oxidation processes. Its volatility and thermal stability make it suitable for doping glass and ceramics to enhance magnetic and optical properties. Also applied in the preparation of advanced functional materials for electronics and photonics.