Used primarily in medical settings for its antiseptic and cauterizing properties, it is applied to wounds and ulcers to prevent infection and stop bleeding. In dentistry, it serves as a desensitizing agent for tooth sensitivity and aids in caries prevention.

In analytical chemistry, it is a key reagent for identifying halides, such as chloride, bromide, and iodide, through precipitation reactions. It is also employed in the preparation of other silver compounds and in the silvering of mirrors.

In photography, it plays a crucial role in the development of black-and-white films and prints due to its light-sensitive properties. Additionally, it is used in the manufacturing of indelible inks and dyes.

In industrial applications, it is utilized for silver plating and as a catalyst in certain chemical reactions. Its antimicrobial properties make it valuable in water purification systems to control bacterial growth.