Used primarily in the electronics industry, it serves as a key component in the production of semiconductors and photovoltaic cells, enhancing their efficiency and conductivity. In the field of ceramics, it acts as a pigment, providing a distinctive blue or green coloration to glazes and glass. Additionally, it is employed in chemical processes as a catalyst, facilitating various oxidation reactions essential in industrial manufacturing. Its application extends to environmental technology, where it is utilized in the removal of sulfur from gases, contributing to cleaner emissions in power plants.