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 in electroless plating solutions, enabling the deposition of palladium-nickel alloys on electronic components. Employed in the preparation of conductive coatings and in sensors due to its redox activity. Also utilized in research for developing new palladium-based catalysts for pharmaceutical and fine chemical manufacturing.