Used extensively in the chemical vapor deposition (CVD) process, it serves as a precursor for depositing palladium thin films on various substrates. These films are critical in the manufacturing of electronic components, particularly in semiconductors and sensors, where they enhance conductivity and durability. Additionally, it plays a role in catalysis, especially in organic synthesis reactions, where it facilitates the formation of carbon-carbon bonds. Its application in the production of advanced materials, such as nanoparticles and coatings, is also notable, contributing to innovations in nanotechnology and materials science.