Used as a precursor in the synthesis of samarium-based catalysts, luminescent materials, and high-performance permanent magnets such as SmCo alloys for motors, generators, and compact electronics. Employed in the preparation of specialty glasses and ceramics that exhibit enhanced thermal and mechanical stability, including high-temperature applications in gas turbines and jet engines. Plays a role in neutron absorption applications due to samarium’s high neutron capture cross-section, making it useful in nuclear reactor control materials. Also utilized in research for developing phosphors in lighting and display technologies, as well as magnetic field-sensitive sensors. Its solubility in water and polar solvents makes it suitable for solution-based deposition techniques in thin film fabrication and other advanced material processing.