Widely used as a reducing agent in organic synthesis, it effectively converts esters, carboxylic acids, and ketones into their corresponding alcohols. It is particularly valuable in the production of pharmaceuticals, where it helps synthesize complex molecules by reducing functional groups. Additionally, it plays a role in the preparation of fine chemicals and specialty materials. Due to its strong reactivity, it is often employed in laboratories for precise and controlled reductions. However, it requires careful handling as it reacts vigorously with water and other protic solvents. Its applications extend to the reduction of metal halides, aiding in the creation of metal hydrides used in various industrial processes.