Used primarily in the field of catalysis, it facilitates various organic transformations, including the synthesis of complex molecules. It is also employed in the preparation of gold nanoparticles, which have applications in electronics, medical imaging, and targeted drug delivery. Additionally, it serves as a precursor in the deposition of thin gold films for use in semiconductor devices and optical coatings. Its role in research and development of new materials and chemical processes is significant, particularly in advancing nanotechnology and materials science.