This compound is primarily utilized in the development of advanced materials, particularly in the field of nanotechnology and electronics. It serves as a key component in the fabrication of high-performance semiconductors, enhancing their conductivity and efficiency. Additionally, it is employed in the production of specialized coatings that provide superior resistance to corrosion and wear, making it valuable in industrial applications. Its unique properties also make it suitable for use in energy storage systems, such as batteries and supercapacitors, where it improves energy density and cycle life. Furthermore, it finds application in the synthesis of novel polymers, contributing to the creation of materials with tailored mechanical and thermal properties for use in various engineering and manufacturing processes.