Nickel acetylacetonate hydrate is widely used as a catalyst in various organic synthesis reactions, particularly in polymerization processes. It plays a key role in the production of specialty polymers and coatings, enhancing the efficiency of cross-linking reactions. Additionally, it is employed in the preparation of nickel-based nanomaterials and thin films, which are essential in electronics and energy storage applications. The compound is also utilized in chemical vapor deposition (CVD) processes to create high-purity nickel coatings on surfaces. Its stability and solubility in organic solvents make it a versatile precursor in both industrial and research settings.