Used primarily as a precursor in the synthesis of silver-containing nanomaterials and thin films, this compound plays a crucial role in advanced material science. It is particularly valuable in the production of conductive inks and coatings, which are essential for flexible electronics and printed circuits. Additionally, it serves as a catalyst in organic reactions, especially in fluorination processes, enhancing the efficiency and selectivity of these chemical transformations. Its application extends to the field of optoelectronics, where it contributes to the development of light-emitting diodes (LEDs) and photovoltaic devices.