Bis(1,5-cyclooctadiene)rhodium(I) tetrafluoroborate is useful for hydrogenation, isomerization reactions and is also employed as a precursor for asymmetric hydrogenations. Furthermore, it is used in the synthesis of cationic COD-Rhodium complexes with phosphine ligands. In addition, it shows an important application for enantioselective hydrogenation and hydrosilylation.

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