This compound is primarily utilized as a highly efficient chiral catalyst in asymmetric hydrogenation reactions, a critical process in the synthesis of enantiomerically pure compounds. Its application is particularly significant in the pharmaceutical industry, where it is employed to produce chiral intermediates for active pharmaceutical ingredients (APIs) with high enantioselectivity. The compound's robust structure, featuring bulky tert-butyl groups, enhances its stability and selectivity under various reaction conditions. Additionally, it is used in the fine chemical industry for the synthesis of complex organic molecules, enabling the production of high-value chemicals with precise stereochemical control. Its role in catalysis contributes to more sustainable and efficient chemical processes, reducing waste and improving yield in industrial applications.