TITLE: Lie algebras to classify Lie groups
QUESTION [7 upvotes]: What does the classification of Complex Semi-simple Lie algebras buy us in terms of classifying Lie groups? Certainly it classifies complex semi-simple lie groups but can we get any better? I know we can take compact real forms of the semi-simple algebras and there are several theorems about topological similarities for Lie groups with the same Lie algebra. How far can we take this? What is the biggest class of Lie groups we can rope in by this method?

REPLY [4 votes]: Here is an answer from a different point of view : every connected Lie group is almost a semidirect product of a semisimple Lie group (Levi factor) and a connected solvable normal Lie subgroup (its solvalble radical). See Onishchik and Vinberg's Lie Groups and Lie Algebras III for a more precise statement. In that sense, the classification of real Lie groups is reduced to that of semisimple and solvable ones. Although somewhat crude, this classification helps for example in the study of unitary representations. (See papers by M. Duflo on the orbit method.)
Another subtle issue with the classification of semisimple Lie groups is that over 
$\mathbb C$, the simply connected group corresponding to a semisimple Lie algebra is always linear, whereas over $\mathbb R$, this is not the case. For example, the simply connected Lie group corresponding to $\mathfrak{sl}_2(\mathbb C)$ is $\mathrm{SL}_2(\mathbb C)$, but the simply connected Lie group
corresponding to $\mathfrak{sl}_2(\mathbb R)$ is an infinite-sheeted covering of $\mathrm{SL}_2(\mathbb R)$. In other words, $\pi_1(\mathrm{SL}_2(\mathbb C))=\{e\}$ whereas 
$\pi_1(\mathrm{SL}_2(\mathbb R))=\mathbb Z$. (Here $\pi_1$ means the first fundamental group.)