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Chlorotris(triphenylphosphine)rhodium(I) is used as a homogeneous hydrogenation catalyst. It is used in the selective hydrogenation of alkenes and alkynes.
D. A. Evans; G. C. Fu; A. H. Hoveyda. Rhodium(I)-catalyzed hydroboration of olefins: The documentation of regio- and stereochemical control in cyclic and acyclic systems. J. Am. Chem. Soc. 1988, 6917-6918.