If you are multiplying, you are likely doing heavy math, and you'll be using numpy - which does not need reduce either.
If you are going to return a list of dict, then it's much faster to mutate the results, so using "reduce" will have significant performance implications (unless you want to return input argument, mis-using it as a glorified "for" loop)
And if returning not a list/dict, if you can use "min" or "max" or "any" or "all" or "next" (take the first element), then you should use it - it will be easier to read and faster too.
So what does this leave us for "reduce"? Frankly, not much. I've only seen it in merging immutable status codes, and that was pretty niche usecase to begin with.
(this was all for Python. In other languages without nice list of built-ins reduce might make more sense)