This compound is primarily utilized in catalysis, particularly in hydrogenation and transfer hydrogenation reactions. It is effective in reducing various organic substrates, including ketones, aldehydes, and imines, due to its stable and efficient ruthenium center. The presence of di-t-butylphosphinomethyl and diethylaminomethyl groups enhances its catalytic activity and selectivity. It is also employed in asymmetric synthesis, where it facilitates the production of chiral molecules, which are crucial in pharmaceutical and fine chemical industries. Additionally, its robust structure allows for use in challenging reaction conditions, making it a versatile catalyst in organic synthesis.