This complex is primarily utilized in the field of materials science and electronics due to its unique electrochemical properties. It serves as a key component in the development of conductive polymers and organic semiconductors, enhancing their performance in electronic devices such as organic light-emitting diodes (OLEDs) and solar cells. Additionally, its ability to facilitate electron transfer makes it valuable in the design of advanced catalysts for various chemical reactions, including those in energy storage systems like batteries and supercapacitors. The complex is also explored in the synthesis of molecular magnets and spintronic materials, where its magnetic properties are leveraged for innovative applications in data storage and quantum computing.