This chemical is primarily utilized in the field of asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in promoting the enantioselective reduction of various organic compounds, such as ketones, imines, and olefins, to produce chiral molecules. These chiral molecules are essential in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where specific enantiomeric forms are required for desired biological activity. The compound’s robust catalytic performance and selectivity make it a valuable tool in organic synthesis, enabling the production of complex molecules with high precision. Additionally, its stability and efficiency under mild reaction conditions contribute to its widespread use in industrial and academic research settings.