Used as a catalyst in hydrogenation reactions, it facilitates the addition of hydrogen to unsaturated organic compounds, such as alkenes and alkynes, converting them into saturated hydrocarbons. It is also employed in the synthesis of fine chemicals and pharmaceuticals, where selective hydrogenation is crucial. Additionally, it plays a role in fuel cell technology, aiding in the oxidation of hydrogen to produce electricity. Its high surface area and efficiency make it valuable in industrial processes requiring precise catalytic activity.