Used primarily in research and catalysis, this compound serves as a precursor for synthesizing other osmium-based complexes. It finds application in homogeneous catalysis, particularly in reactions involving oxidation and C–H bond activation. Due to its reactivity, it is also employed in the development of new catalytic systems for organic transformation processes. Additionally, it has been explored in electrochemical studies and materials science for depositing osmium-containing films, which can exhibit unique electronic and catalytic surface properties. Its role remains mostly confined to laboratory and specialty industrial applications due to the rarity and cost of osmium.