Used as a highly efficient homogeneous catalyst in hydrogenation reactions, particularly for the reduction of polar bonds such as carbonyl groups in ketones and aldehydes. It shows excellent activity and selectivity under mild conditions, making it valuable in fine chemical and pharmaceutical synthesis. The complex is especially effective in asymmetric hydrogenation when chiral ligands are incorporated, enabling the production of enantiomerically pure compounds. Its stability and solubility in organic solvents facilitate use in continuous flow systems and industrial-scale processes.