Used as a reducing agent in organic synthesis, particularly for the selective reduction of carbonyl compounds to alcohols. Applied in the production of pharmaceuticals and fine chemicals, where precise reduction is crucial. Utilized in the preparation of boron-containing materials, which are important in semiconductor manufacturing. Acts as a hydrogen source in hydrogenation reactions, offering controlled and efficient reduction processes. Employed in the synthesis of complex organic molecules, aiding in the development of advanced materials and bioactive compounds.