Used in hydrogen storage applications due to its ability to absorb and release hydrogen efficiently. It serves as a key component in metal hydride batteries, particularly in nickel-metal hydride (NiMH) battery systems, where it contributes to higher energy density and improved charge-discharge cycles. Also employed in catalytic converters and hydrogen purification systems because of its thermal stability and reactivity with hydrogen. Its alloy properties enhance resistance to corrosion and cracking in harsh environments, making it suitable for aerospace and nuclear industries.