Bismuth(III) neodecanoate is widely used as a catalyst in the production of polyurethane foams. It enhances the reaction between polyols and isocyanates, leading to efficient foam formation with improved properties such as flexibility, density, and durability. Additionally, it is employed in coatings and adhesives, where it acts as a drying agent, accelerating the curing process and ensuring a strong, resilient finish. Its low toxicity and stability make it a preferred choice in various industrial applications, particularly in formulations requiring high performance and environmental safety.