Used as a catalyst in polymerization reactions, especially in the production of synthetic rubbers and elastomers. It enables high cis-1,4 selectivity in diene polymerization, improving the elasticity and durability of the final rubber products.

Also employed in specialty coatings and lubricants for its thermal stability and metal-soap properties.

Finds use in nanomaterial synthesis, particularly as a precursor for fine magnetic powders via sol-gel or high-temperature spray processes, and as a surface coating agent for magnetic materials to prevent oxidation and enhance particle adhesion in composites.

Additionally, serves as an additive in advanced fuel formulations to enhance combustion efficiency.