(Acetylacetonato)dicarbonylrhodium(I) is used in in situ formation of a floors-soluble hydroformylation catalyst of interest in molecular engineering. It is also used as a catalyst for various carbonylation reactions, silylcarbocyclizations, conjugate additions to eons, carbamoylstannation, and reduction of aromatic nitro compounds. It is also used in Hydroformylation reaction.

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