Widely used as a chiral catalyst in asymmetric synthesis, particularly in enantioselective hydrogenation reactions. It enables high enantioselectivity in the reduction of prochiral ketones, imines, and olefins, making it valuable in the production of fine chemicals, pharmaceuticals, and agrochemicals. Its effectiveness in catalyzing asymmetric transformations under mild conditions makes it a preferred choice for synthesizing single-enantiomer compounds, which are often required for biologically active molecules. Commonly applied in academic research and industrial processes where stereochemical control is critical.