Used as a precursor in the synthesis of platinum-based catalysts for industrial chemical processes, such as the Ostwald process for nitric acid production, automotive catalytic converters, hydrogenation, and oxidation reactions. Commonly applied in the preparation of supported metal catalysts on substrates like alumina or carbon. Employed in electroplating and surface coating to form conductive, corrosion-resistant layers on electronic components and industrial equipment. Also utilized in research and laboratory synthesis for developing fuel cell materials, sensors, and other high-purity platinum compounds due to platinum’s high electrochemical activity and catalytic efficiency, including oxygen reduction reactions. Requires careful handling due to its strong oxidizing properties and potential decomposition at elevated temperatures.