This chemical is widely used in the production of lithium iron phosphate (LiFePO4) batteries, which are a type of lithium-ion battery. These batteries are highly valued for their safety, long cycle life, and thermal stability, making them ideal for applications in electric vehicles (EVs), renewable energy storage systems, and portable electronics. They are also commonly used in power tools, solar energy storage, and backup power supplies due to their ability to deliver consistent performance and withstand high temperatures without significant degradation. Additionally, their low toxicity and environmentally friendly nature make them a preferred choice for sustainable energy solutions.