Used as a catalyst precursor in organic synthesis, particularly in cross-coupling reactions and hydrosilylation processes. It serves as a source of reactive platinum species in the formation of carbon-silicon and carbon-carbon bonds. Commonly employed in research settings for the development of new catalytic transformations and in the synthesis of functionalized organic molecules. Its labile cyclooctadiene ligand allows for easy activation under mild conditions, making it suitable for sensitive substrates. Also utilized in the preparation of other platinum-based catalysts and in materials science for thin film deposition via chemical vapor deposition techniques.