The bronze-colored material  is one of the strongest reducing agents known. It has also been used as a catalyst in polymerizations and as a coupling reagent for aryl halides to biphenyls. In one study, freshly prepared  was treated with 1-iodododecane delivering a modification (micrometre scale carbon platelets with long alkyl chains sticking out providing solubility) that is soluble in chloroform. Another potassium graphite compound, , has been used as a neutron monochromator. A new essential application for potassium graphite was introduced by the invention of the potassium-ion battery. Like the lithium-ion battery, the potassium-ion battery should use a carbon-based anode instead of a metallic anode. In this circumstance, the stable structure of potassium graphite is an important advantage.