Used as a precursor in the synthesis of other platinum-based compounds, particularly in catalysis and electrochemistry. Commonly employed in the preparation of platinum catalysts for industrial processes such as hydrogenation, oxidation, and fuel cell applications. Also utilized in electroplating baths to deposit platinum coatings on surfaces, providing corrosion resistance and enhanced electrical conductivity. Plays a role in research laboratories for developing new platinum complexes with potential applications in medicine, including anticancer agents. Its well-defined structure makes it suitable for studying reaction mechanisms involving platinum.