Used as a highly efficient catalyst in homogeneous hydrogenation reactions, particularly for the reduction of polar bonds such as carbonyl groups in ketones and aldehydes. It exhibits excellent activity and selectivity under mild conditions, making it valuable in fine chemical and pharmaceutical synthesis. The ligand environment enhances stability and prevents catalyst deactivation, allowing for low catalyst loadings and high turnover numbers. Also applied in transfer hydrogenation and asymmetric synthesis when chiral variants are used, contributing to the production of enantiomerically pure compounds.