Used as a precursor in the synthesis of indium-based materials for electronic and optoelectronic applications. Commonly employed in the preparation of indium oxide thin films, which are vital for transparent conductive coatings in displays, solar cells, and touch screens. Also utilized in electroplating processes to deposit indium metal layers, especially in semiconductor manufacturing and low-melting-point solder alloys. Plays a role in catalyst formulations and in research for developing new functional materials in nanotechnology.