This compound is primarily used in catalytic processes, particularly in organic synthesis. It serves as a catalyst in various reactions, including hydrogenation and transfer hydrogenation, where it facilitates the addition of hydrogen to unsaturated compounds. Its effectiveness is attributed to the ruthenium center, which is stabilized by dimethylsulfoxide ligands, allowing for efficient catalytic activity. Additionally, it is employed in the preparation of other ruthenium-based complexes, which are further utilized in research and industrial applications. Its role in catalysis is significant in the development of pharmaceuticals, fine chemicals, and materials science.