Used as a catalyst precursor in organic synthesis, particularly in cross-coupling reactions such as Suzuki and Heck reactions. It serves as a source of palladium(II) in electroless plating processes for depositing palladium-nickel alloys on electronic components. Employed in the preparation of palladium-based sensors and conductive materials due to its redox activity and thermal stability. Also utilized in research for developing new palladium complexes with tailored catalytic properties.