Used as a precursor in the synthesis of ruthenium-based catalysts for industrial chemical processes, including hydrogenation and oxidation reactions. Plays a role in the preparation of ruthenium thin films for electronic components and semiconductor devices through chemical vapor deposition. Also utilized in research for developing new electrocatalysts in fuel cell technology due to its redox-active metal center. Its stability and reactivity make it suitable for converting into other ruthenium complexes used in photovoltaics and light-emitting devices.