This catalyst is widely used in asymmetric synthesis, particularly in enantioselective transformations. It plays a key role in the production of chiral compounds, which are essential in pharmaceuticals, agrochemicals, and fine chemicals. Its application includes asymmetric hydrogenation, where it facilitates the creation of chiral centers with high selectivity. It is also employed in carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation, enabling the synthesis of complex organic molecules. Additionally, it is utilized in the development of catalysts for organic light-emitting diodes (OLEDs) due to its efficient photophysical properties. Its versatility and high enantioselectivity make it a valuable tool in modern synthetic chemistry.