Widely used as a highly efficient catalyst in asymmetric synthesis, particularly in enantioselective carbon-carbon and carbon-heteroatom bond-forming reactions. It shows exceptional performance in Suzuki-Miyaura cross-coupling reactions, enabling the formation of biaryl compounds with high enantioselectivity. This makes it valuable in the synthesis of chiral pharmaceuticals, agrochemicals, and fine chemicals where stereochemical control is critical. Its robustness under various reaction conditions and ability to function at low catalyst loadings enhance its utility in industrial and academic research settings.