This compound is primarily utilized in the field of advanced materials, particularly in the development of conductive polymers and organic semiconductors. Its unique structure allows it to act as a precursor for creating thin films and coatings with excellent electrical conductivity, making it suitable for use in electronic devices such as organic light-emitting diodes (OLEDs) and field-effect transistors (FETs). Additionally, it finds application in catalysis, where it facilitates various organic transformations due to its platinum center and ligand system. Its ability to form stable complexes also makes it a candidate for research in molecular electronics and nanotechnology.