This complex is primarily utilized in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in producing enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). The chiral environment created by the ligand allows for precise control over the stereochemistry of the reaction products. Additionally, its stability and reactivity make it suitable for use in organic synthesis, where it can facilitate the formation of complex molecular structures with high enantioselectivity. The compound's ability to operate under mild conditions further enhances its applicability in sensitive chemical processes.