Dicyclohexylamine borane is widely used as a reducing agent in organic synthesis, particularly for the selective reduction of carbonyl compounds such as aldehydes and ketones to their corresponding alcohols. Its mild reducing properties make it suitable for sensitive substrates where harsh conditions could lead to unwanted side reactions.

In the pharmaceutical industry, it is employed in the synthesis of active pharmaceutical ingredients (APIs) where precise control over reduction processes is critical. It is also utilized in the production of fine chemicals and specialty materials, where its ability to operate under mild conditions helps maintain the integrity of complex molecular structures.

Additionally, dicyclohexylamine borane finds application in the field of polymer chemistry, where it is used to modify polymers and resins, enhancing their properties for specific industrial applications. Its stability and ease of handling further contribute to its utility in various chemical processes.