This chemical is primarily used as a chiral catalyst in asymmetric hydrogenation reactions, a key process in the synthesis of optically active compounds. It is particularly effective in the production of enantiomerically pure pharmaceuticals, agrochemicals, and fine chemicals. The catalyst’s high selectivity and efficiency make it valuable for creating complex molecules with specific stereochemistry, which is crucial for the desired biological activity in drug development. Additionally, it is employed in academic and industrial research to explore new synthetic pathways and improve existing methodologies in organic chemistry.