Used as a catalyst in organic synthesis reactions, particularly in esterification and oxidation processes.

Employed in the preparation of neodymium-doped materials for lasers and optical devices.

Serves as a precursor for producing neodymium-containing nanoparticles and thin films used in electronic and magnetic applications.

Applied in research for luminescent materials due to its favorable optical properties in solid-state lighting and display technologies.

Utilized in the textile and ceramic industries as a colorant to produce delicate pink to red hues.

Also investigated for use in magnetic refrigeration systems owing to the paramagnetic characteristics of neodymium ions.