Used as a reducing agent in organic synthesis, particularly for the selective reduction of esters, nitriles, and carboxylic acids to their corresponding alcohols or aldehydes. It is also employed in the preparation of fine chemicals and pharmaceuticals, where precise control over reduction processes is crucial. Additionally, it finds application in the production of aluminum-containing compounds and as a catalyst in certain polymerization reactions. Its stability and effectiveness in non-aqueous environments make it suitable for use in specialized industrial and laboratory settings.