Used as a precursor in the production of neodymium-doped lasers, such as Nd:YAG lasers, and optical fibers, providing efficient light amplification in telecommunications, medical systems (e.g., laser surgery, skin treatments, hair removal), and industrial applications like cutting, drilling, and welding.

Employed in research and development for luminescent materials and sensors due to its sharp emission bands in the near-infrared range.

Applied in the synthesis of neodymium-containing catalysts for polymerization reactions and organic transformations.

Utilized in the production of high-performance permanent magnets (NdFeB) for electronics, including motors, generators, headphones, speakers, and small devices.

Also used in the glass industry for IR/UV filtering glass and in ceramics for specific colors or properties, as well as in magnetic material studies.