This chemical is primarily used as a highly efficient chiral catalyst in asymmetric hydrogenation reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application is particularly significant in the hydrogenation of olefins, ketones, and imines, where it provides high enantioselectivity and yield. The compound’s unique structure allows it to facilitate the formation of chiral centers with precision, making it a valuable tool in the development of active pharmaceutical ingredients (APIs) and other complex organic molecules. Additionally, its stability and reactivity under mild conditions make it suitable for use in industrial-scale processes.