Used primarily as a reducing agent in organic synthesis, it effectively reduces carbonyl compounds, such as aldehydes and ketones, to their corresponding alcohols. It is particularly valued for its selectivity and mild reaction conditions, making it suitable for sensitive substrates. Additionally, it is employed in the reduction of imines and enamines, aiding in the formation of amines. Its sterically hindered structure allows for controlled reactivity, minimizing side reactions. This chemical is also utilized in asymmetric synthesis, contributing to the production of chiral molecules in pharmaceuticals and fine chemicals. Its stability and handling under inert atmospheres make it a reliable choice for complex synthetic transformations.