Lithium acetate solution is widely used in molecular biology, particularly in the transformation of yeast cells. It serves as a key component in the process of introducing plasmid DNA into yeast, enhancing the efficiency of DNA uptake. This solution is also employed in buffer systems for gel electrophoresis, aiding in the separation and analysis of nucleic acids. Additionally, it finds application in the preparation of lithium-based catalysts for organic synthesis, where it facilitates various chemical reactions. In biochemistry, it is utilized as a stabilizing agent for proteins and enzymes, ensuring their functionality during experimental procedures.