This complex is primarily utilized in organic synthesis as a chiral reducing agent. It is particularly effective in the asymmetric reduction of prochiral ketones to produce optically active secondary alcohols, which are valuable intermediates in the synthesis of pharmaceuticals and fine chemicals. The TMEDA (tetramethylethylenediamine) component enhances the stability and reactivity of the borane, allowing for more controlled and selective reactions. Additionally, its use in hydroboration reactions enables the formation of organoboron compounds, which can be further transformed into various functional groups, expanding its utility in synthetic chemistry.