Used as a precursor in the synthesis of rhodium-based catalysts for industrial and laboratory-scale reactions, particularly in hydrogenation and hydroformylation processes. Employed in the preparation of thin films and coatings for electronic components due to its thermal stability and conductive properties after decomposition. Applied in research for developing new materials in heterogeneous catalysis and sensor technologies. Also utilized in electroplating baths to deposit rhodium metal layers, providing corrosion resistance and a reflective finish on optical and decorative surfaces.