Widely used as a chiral N-heterocyclic carbene (NHC) precursor in asymmetric catalysis. It plays a key role in enantioselective transformations such as aldol reactions, Diels-Alder cycloadditions, and ring-opening of epoxides. The ligand derived from this compound enhances stereoselectivity when coordinated to transition metals like rhodium, palladium, or copper. Commonly applied in the synthesis of pharmaceuticals and fine chemicals where high enantiomeric purity is required. Its steric bulk and electron-donating properties stabilize metal centers and promote efficient catalytic turnover.