This chemical is primarily used as a highly efficient chiral catalyst in asymmetric hydrogenation reactions. It plays a critical role in the synthesis of optically active compounds, particularly in the pharmaceutical industry, where enantiomeric purity is essential. The catalyst is effective in reducing prochiral ketones, imines, and olefins to produce chiral alcohols, amines, and other intermediates with high enantioselectivity. Its application extends to the production of fine chemicals, agrochemicals, and specialty materials, where precise stereochemical control is required. The robustness and selectivity of this catalyst make it a valuable tool in organic synthesis, enabling the development of complex molecules with high yield and purity.