Used as a catalyst in organic synthesis, particularly in hydrogenation and transfer hydrogenation reactions. It facilitates the reduction of various organic compounds, including ketones, aldehydes, and imines, under mild conditions. Also employed in C-H activation processes, enabling the functionalization of inert C-H bonds in complex molecules. Its stability and efficiency make it valuable in the development of pharmaceuticals and fine chemicals. Additionally, it is utilized in the synthesis of polymers and materials with specific electronic or catalytic properties.