Used as a precursor in the synthesis of platinum-based catalysts for industrial processes such as hydrosilylation in silicone curing. Employed in electroplating to deposit thin, uniform layers of platinum on surfaces for corrosion resistance and electrical conductivity. Serves as a catalyst in organic reactions, including hydrogenation and isomerization. Applied in the preparation of supported platinum catalysts on materials like carbon or alumina for use in fuel cells and automotive catalytic converters. Also utilized in analytical chemistry for platinum plating of electrodes and in the production of fine chemicals requiring selective catalytic transformations.