Catastrophe theory developed a bad reputation pretty quickly, today there are many retrospectives of how various fields in the social sciences lost interest
When i was studying physics in the 1990s with the famous conspiracy (more so than string) theorist Ron Maimon we talked about it and he said it was a pale shadow of the renormalization group approach to phase transitions that was developed just a little bit earlier.
It was the topic of Salvador Dali’s last work (https://en.m.wikipedia.org/wiki/The_Swallow%27s_Tail)