Used as a precursor in the synthesis of silver nanoparticles, which are widely applied in antimicrobial coatings, conductive inks, and electronic devices. Its thermal decomposition properties make it suitable for chemical vapor deposition (CVD) processes to form thin silver films on surfaces. Also employed in catalysis for organic transformations and as a reagent in the preparation of other silver-containing compounds. Due to its solubility in organic solvents, it is useful in solution-based fabrication methods for sensors and optoelectronic materials.