Used as a precursor in the production of molybdenum-containing catalysts for petroleum refining, especially in hydrodesulfurization processes. Applied in the manufacturing of specialty alloys and electronic materials through solution-based deposition techniques. Commonly utilized in the formulation of corrosion inhibitors and lubricant additives to enhance performance under high-temperature and high-pressure conditions. Also employed in agricultural formulations to correct molybdenum deficiency in crops, supporting nitrogen fixation in legumes.