It serves as a catalyst for the catalytic oxidation of hydrogen and methanation reactions, helping to enhance reaction efficiency and selectivity; as such, it holds significant value in the fields of energy conversion and chemical manufacturing.
Acting as a deoxidizer in welding fluxes, it effectively removes oxide impurities generated during the welding process, thereby improving weld quality. It also functions as an additive in ferroalloy production—such as in the manufacture of ferrosilicon alloys and stainless steel—enhancing the hardness, wear resistance, and heat resistance of the resulting alloys.
Possessing excellent electrical and thermal conductivity, it is suitable for use in the fabrication of electronic devices—such as thermocouples and thermoelectric solar cells—where its thermoelectric properties are harnessed to facilitate the conversion of thermal energy into electrical energy.
It can be utilized to fabricate humidity sensors, leveraging its sensitivity to ambient moisture levels to enable effective humidity monitoring capabilities.
Exhibiting magnetic properties, it is applicable in the preparation of various magnetic materials—including magnetic ceramics—and holds potential for applications in fields such as magnetic data storage and magnetic sensing.