Used as a highly efficient catalyst in hydrogenation reactions, particularly for the reduction of polar bonds such as carbonyl groups and imines. It shows excellent activity and selectivity in asymmetric synthesis, enabling the production of chiral amines and alcohols important in pharmaceutical intermediates. The complex is especially valued in transfer hydrogenation, where it facilitates the conversion of ketones and aldehydes to alcohols using hydrogen donors like formic acid or isopropanol. Its robust performance under mild reaction conditions makes it suitable for fine chemical and drug manufacturing processes.