Used as a highly effective catalyst in homogeneous catalysis, particularly in hydrogenation and transfer hydrogenation reactions of ketones, aldehydes, and imines. It exhibits excellent activity and selectivity in asymmetric synthesis when paired with chiral ligands, making it valuable in the production of enantiomerically pure compounds for pharmaceuticals. Also employed in C–H activation and coupling reactions, this complex is favored for its stability under various reaction conditions and its ability to facilitate transformations under mild temperatures and pressures. Its phosphine ligand framework allows for fine-tuning of electronic and steric properties, enhancing catalytic performance in fine chemical synthesis.