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Todd Trimble
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Cayley-Hamilton can be useful in commutative algebra. Related to its close connection with Nakayama's lemma as mentioned in a comment by Qiaochu (see also Wikipedia), see for example the development given in the Stacks Project here. Among the consequences that I find sort of cool and maybe even a little surprising at first glance, we have

  • Let $M$ be a finitely generated module over a commutative ring. Then any surjective module map $M \to M$ is an isomorphism.