This chemical is widely used in catalysis, particularly in organic synthesis, where it facilitates various reactions such as hydrogenation, hydrosilylation, and C-H bond activation. Its unique structure and ruthenium center make it effective in promoting selective transformations in complex molecules. It is also employed in the preparation of fine chemicals and pharmaceuticals, where precise control over reaction pathways is crucial. Additionally, its stability and reactivity under mild conditions make it a valuable tool in research and industrial applications for developing new synthetic methodologies.