Hydroformylation is the addition of hydrogen and carbon monoxide to an alkene, catalyzed by cobalt or rhodium salts, forming an aldehyde. It was discovered accidentally in 1938 by Otto Roelen during Fischer-Tropsch reactions. It is an industrial method for producing aldehydes, which can then be converted to secondary products like alcohols and amines. The reaction mechanism involves hydrogenation of dicobalt octacarbonyl to form cobalt tetracarbonyl hydride, which acts as the active catalyst after CO ligand dissociation. This allows addition of the alkene and subsequent steps to form the aldehyde product and regenerate the catalyst.