Used as a catalyst precursor in organic synthesis, particularly in cross-coupling reactions involving palladium. It serves as a source of palladium(IV) in research settings where controlled release of palladium species is required. Employed in the development of new catalytic systems for pharmaceutical and fine chemical production. Also utilized in electrochemical applications and materials science for depositing palladium-containing films. Its well-defined composition makes it suitable for reproducible reaction conditions in laboratory-scale studies.