This complex is primarily utilized in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in the enantioselective reduction of ketones and imines, which are critical steps in the synthesis of chiral pharmaceuticals and fine chemicals. The catalyst's ability to induce high enantiomeric excess makes it valuable for producing optically active compounds. Additionally, it is employed in the synthesis of complex organic molecules, where precise control over stereochemistry is essential. Its stability and efficiency under mild reaction conditions further enhance its applicability in industrial and academic research settings.