Used as a precursor in the synthesis of neodymium oxide for high-performance permanent magnets, such as NdFeB magnets employed in electric motors, generators, and small electronics like headphones and hard drives.

Employed in the preparation of catalysts for polymerization reactions and organic transformations.

Applied in the production of specialty glasses and ceramics that require coloration or UV absorption properties, including radiation-shielding or laser glasses due to effective light absorption in certain wavelengths.

Utilized in research for developing magnetic materials due to neodymium’s strong magnetic characteristics.

Also serves in doping phosphors for lighting and display technologies.

Additionally, used in coating processes to enhance high-temperature durability and corrosion resistance in specific industries.