Widely used as a catalyst precursor in olefin polymerization, enabling the production of polyethylene and polypropylene with controlled molecular weights and narrow polydispersity. It is particularly effective in solution, slurry, and gas-phase polymerization processes due to its high activity and thermal stability. The compound plays a key role in single-site catalysis, allowing precise control over polymer microstructure, including tacticity and comonomer incorporation. It is also employed in academic research to study organometallic reaction mechanisms and catalyst design.