Used primarily in catalytic processes, particularly in organic synthesis, where it facilitates various chemical reactions, including hydrogenation and hydrosilylation. It is also employed in the preparation of other platinum complexes, which are crucial in developing anticancer drugs. Additionally, it serves as a precursor in materials science for creating platinum-containing materials with specific electronic or catalytic properties. Its role in research extends to studying the mechanisms of platinum-based catalysts, aiding in the development of more efficient and selective catalytic systems.