This compound is primarily utilized in advanced materials research, particularly in the development of luminescent materials. It serves as a key component in organic light-emitting diodes (OLEDs) due to its strong luminescent properties, which are essential for creating efficient and bright displays. Additionally, it is employed in the field of molecular imaging, where its unique optical characteristics enhance the sensitivity and resolution of imaging techniques. The compound is also explored in the synthesis of specialized catalysts for organic transformations, leveraging its ability to facilitate specific chemical reactions under controlled conditions. Furthermore, owing to its chiral structure and paramagnetic properties, it is widely used as a chiral lanthanide shift reagent in nuclear magnetic resonance (NMR) spectroscopy to determine the enantiomeric purity and composition of chiral molecules.