Widely used as a chiral N-heterocyclic carbene (NHC) precursor in asymmetric catalysis. It plays a key role in enantioselective transformations such as hydrogenation, cyclopropanation, and C–C bond-forming reactions. The ligand derived from this compound imparts high stereocontrol, making it valuable in the synthesis of pharmaceuticals and fine chemicals where specific enantiomers are required. Its steric bulk and electronic properties stabilize metal catalysts, enhancing both activity and selectivity. Commonly employed with ruthenium, rhodium, and palladium complexes in homogeneous catalytic systems.