Used in the synthesis of advanced materials, particularly in the production of thin films for optical and electronic applications. It serves as a precursor in chemical vapor deposition (CVD) and atomic layer deposition (ALD) processes, enabling the creation of high-quality coatings with specific magnetic and luminescent properties. Additionally, it is employed in research and development of new catalysts and nanomaterials, contributing to innovations in fields like energy storage and photonics. Its role in creating specialized materials makes it valuable in industries focused on cutting-edge technology.