Used in the production of indium-based semiconductor materials, particularly in transparent conductive oxides for flat panel displays and touchscreens. Serves as a precursor in the synthesis of indium oxide and indium tin oxide (ITO), which are critical for energy-efficient lighting, solar cells, and electronic displays. Also explored in catalysis and as a dopant source in thin-film technologies. Shows potential in gas sensors due to its electrical properties when processed into nanostructures.