Used primarily as a catalyst in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura and Heck reactions, enabling the formation of carbon-carbon bonds. It is also employed in the deposition of palladium thin films through chemical vapor deposition (CVD) processes, which are essential in the production of electronic components and coatings. Additionally, it serves as a precursor in the preparation of palladium nanoparticles, which find applications in catalysis, sensors, and medical devices. Its thermal stability and volatility make it suitable for advanced material synthesis and surface modification techniques.