Dysprosium acetate hexahydrate is primarily used in the field of advanced materials and electronics. It serves as a precursor in the synthesis of dysprosium-based compounds, which are essential in the production of high-performance magnets. These magnets are critical components in various technologies, including wind turbines, electric vehicles, and hard disk drives, due to their ability to maintain magnetism at high temperatures. Additionally, this compound is utilized in research and development for creating specialized alloys and coatings that enhance the durability and efficiency of industrial equipment. Its role in the preparation of phosphors also makes it valuable in the manufacturing of energy-efficient lighting and display technologies.