This chemical is primarily utilized in advanced material synthesis, particularly in the development of high-performance coatings and composites. It is often incorporated into formulations aimed at enhancing thermal stability and mechanical strength in industrial applications. Additionally, it serves as a key component in specialized catalysts used for chemical reactions that require precise control over reaction kinetics and selectivity. Its unique properties also make it suitable for use in electronic materials, where it contributes to improved conductivity and durability in semiconductor devices.