Used as a chiral catalyst in asymmetric synthesis, particularly in enantioselective transfer hydrogenation reactions for the reduction of carbonyl compounds such as ketones and aldehydes to chiral alcohols. It enables the efficient production of optically active compounds, which are important in pharmaceuticals and fine chemicals. Its structure allows for high stereoselectivity, making it valuable in the synthesis of single-enantiomer drugs and biologically active molecules. Commonly applied in academic and industrial research for developing efficient catalytic processes.