This chemical is primarily used in asymmetric catalysis, particularly in enantioselective hydrogenation reactions. It is highly effective in producing chiral compounds, which are crucial in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with high enantiomeric purity. Its application extends to the production of fine chemicals, where it enables the creation of complex molecular structures with precise stereochemistry. Additionally, it is employed in academic and industrial research to develop new catalytic processes and optimize existing ones, contributing to advancements in green chemistry and sustainable synthesis methods.