This chemical is primarily used as a highly efficient chiral catalyst in asymmetric hydrogenation reactions. It is particularly valuable in the synthesis of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application extends to the hydrogenation of various substrates, including alkenes, ketones, and imines, where it provides high enantioselectivity and yield. The catalyst is favored in industrial and academic research for its robustness and ability to operate under mild conditions, making it a key tool in the development of chiral molecules with high precision.