This chemical is primarily used as a chiral catalyst in asymmetric hydrogenation reactions, particularly in the synthesis of fine chemicals and pharmaceuticals. It is highly effective in producing enantiomerically pure compounds, which are crucial in drug development to ensure the desired biological activity. Its application extends to the production of chiral intermediates for agrochemicals and specialty chemicals. The catalyst’s efficiency and selectivity make it a valuable tool in organic synthesis, enabling the creation of complex molecules with high precision.