Used primarily as a selective reducing agent in organic synthesis, it is particularly effective for reducing esters to alcohols without affecting other functional groups like nitriles or amides. Its sterically hindered structure allows for controlled reactivity, making it useful in complex molecule transformations. Commonly applied in the synthesis of pharmaceuticals and fine chemicals where precise reduction is critical. It is also employed in the reduction of ketones and aldehydes to their corresponding alcohols, offering high yields and selectivity.