Decoherence processes in crystals of molecular magnets are prototypical for interacting electronic spin systems. We analyze the Landau-Zener dynamics of the archetypical TbPc$_2$ complex diluted in a diamagnetic monocrystal. The dependence of the tunneling probability on the field sweep rate is evaluated in the framework of the recently proposed master equation in which the decoherence processes are described through a phenomenological Lindblad operator. Thus, we showcase low temperature magnetic measurements that complement resonant techniques in determining small tunnel splittings and dephasing times.
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