This organometallic compound, [CpFe(CO)2]2, is a specialty chemical used primarily as a precursor in the synthesis of cyclopentadienyliron carbonyl complexes and other ferrocene derivatives. It plays a key role in organic synthesis, particularly in reactions generating CpFe(CO)2 radicals for carbonylation, cyclization, and C-C bond formation processes. The compound is employed in research and industrial applications for developing organometallic catalysts and reagents, as well as in material science for advanced polymers and nanomaterials. Its photochemical properties make it useful in studies of metal carbonyl reactivity.