This compound is a versat. Silver nitrate is the least expensive salt of silver; it offers several other advantages as well. It is non-hygroscopic, in contrast to silver fluoroborate andsilver perchlorate. It is relatively stable to light. Finally, it dissolves in numerous solvents, including water. The nitrate can be easily replaced by other ligands, rendering AgNO₃ versatile.
ile precursor to many other silver compounds, such as those used in photography