This compound is widely used as a catalyst in the polymerization of olefins, particularly in the production of polyolefins like polyethylene and polypropylene. Its effectiveness lies in its ability to facilitate the formation of polymers with high molecular weights and controlled microstructures, which are crucial for achieving desired material properties. The catalyst is often employed in combination with co-catalysts, such as methylaluminoxane (MAO), to enhance its activity. Its application extends to the development of specialty plastics and elastomers, where precise control over polymer architecture is essential. Additionally, it plays a role in producing polymers with specific stereochemistry, making it valuable in industries requiring tailored materials for applications in packaging, automotive components, and advanced manufacturing.