This chemical is primarily used in the field of coordination chemistry and catalysis. It serves as a precursor in the synthesis of various platinum-based complexes, which are often employed in catalytic reactions, including hydrogenation and oxidation processes. Additionally, it is utilized in research to study the structural and electronic properties of platinum coordination compounds, aiding in the development of new materials and catalysts. Its applications also extend to the pharmaceutical industry, where it is explored for potential use in anticancer drug development due to its platinum content, which is known for its therapeutic properties in certain chemotherapy agents.