Used primarily as a precursor in the synthesis of palladium-based catalysts for organic transformations such as cross-coupling reactions. It serves as a source of palladium(IV) in specialized catalytic systems where higher oxidation states are required. Also employed in the preparation of supported palladium catalysts for use in industrial hydrogenation and oxidation processes. Its well-defined composition makes it suitable for research applications involving controlled deposition of palladium onto various substrates. Additionally, it finds use in electrochemical studies and materials science for the fabrication of palladium-containing thin films and nanoparticles.