Wilkinson's catalyst, chlorotris(triphenylphosphine)rhodium(I), is an organometallic catalyst that is very effective for the homogeneous hydrogenation of unsaturated compounds at room temperature and atmospheric pressure. Its mechanism involves five steps - ligand dissociation, oxidative addition of hydrogen, alkene coordination, migratory insertion, and reductive elimination - known as Tolman's catalytic cycle. This cycle allows the catalyst intermediates to shuttle between 18 and 16 electron configurations, making the electron shifts energetically favored.