Used as a catalyst in organic synthesis, particularly in hydrogenation and transfer hydrogenation reactions. It facilitates the reduction of various organic compounds, including alkenes, ketones, and imines, under mild conditions. It is also employed in the synthesis of fine chemicals and pharmaceuticals, where selective hydrogenation is crucial. Additionally, it serves as a precursor in the preparation of other ruthenium-based catalysts, enhancing their efficiency in complex chemical transformations. Its stability and reactivity make it a valuable tool in both academic research and industrial applications.