The α-ketoglutarate dehydrogenase complex is a multi-enzyme complex that catalyzes the conversion of α-ketoglutarate to succinyl-CoA in the citric acid cycle, also known as the Krebs cycle. This reaction is significant because it represents the third oxidative decarboxylation step in the cycle, where carbon dioxide is released and energy-rich NADH is produced. The regulation of this enzyme complex plays a crucial role in controlling the overall rate of the citric acid cycle and cellular metabolism.