This compound is primarily utilized in asymmetric catalysis, particularly in hydrogenation reactions. Its structure, featuring a chiral ligand, makes it highly effective in producing enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). The compound’s ability to selectively hydrogenate specific functional groups, such as ketones or alkenes, enables the production of chiral molecules with high optical purity. This is especially valuable in the development of drugs, where the biological activity often depends on the correct stereochemistry. Additionally, it is employed in fine chemical synthesis for creating complex organic molecules with high precision and efficiency.