Palladium nitrate is widely used in catalytic processes, particularly in organic synthesis, where it serves as a precursor for palladium catalysts. These catalysts are essential in cross-coupling reactions, such as the Suzuki and Heck reactions, which are pivotal in creating complex organic compounds for pharmaceuticals and fine chemicals. Additionally, it is employed in the preparation of palladium-based materials for hydrogenation and dehydrogenation reactions. In the electronics industry, palladium nitrate is utilized in the production of conductive inks and coatings for printed circuit boards and sensors. It also finds application in the synthesis of nanoparticles for various advanced materials and as a reagent in analytical chemistry for trace metal detection.