Heterogeneous single‐site catalysts (SSCs), widely regarded as promising next‐generation catalysts, blend the easy recovery of traditional heterogeneous catalysts with desired features of homogeneous catalysts: high fraction of active sites and uniform metal centers. We previously reported the synthesis of Pt‐ligand SSCs through a novel metal‐ligand self‐assembly method on MgO, CeO2, and Al2O3 supports (J. Catal. 2018, 365, 303–312). Here, we present their applications in the industrially‐relevant alkene hydrosilylation reaction, with 95 % yield achieved under mild conditions. As expected, they exhibit better metal utilization efficiency than traditional heterogeneous Pt catalysts. The comparison with commercial catalysts (Karstedt and Speier) reveals several advantages of these SSCs: higher selectivity, less colloidal Pt formation, less alkene isomerization/hydrogenation, and better tolerance towards functional groups in substrates. Despite some leaching, our catalysts exhibit satisfactory recyclability and the single‐site structure remains intact on oxide supports after reaction. Pt single‐sites were proved to be the main active sites rather than colloidal Pt formed during the reaction. An induction period is observed in which Pt sites are activated by Cl detachment and replacement by reactant alkenes. The most active species likely involves temporary detachment of Pt from ligand or support. Catalytic performance of Pt SSCs is sensitive to the ligand and support choices, enabling fine tuning of Pt sites. This work highlights the application of heterogeneous SSCs created by the novel metal‐ligand self‐assembly strategy in an industrially‐relevant reaction. It also offers a potential catalyst for future industrial hydrosilylation applications with several improvements over current commercial catalysts.