Widely used as a chiral catalyst in asymmetric hydrogenation reactions, enabling the synthesis of enantiomerically pure compounds. Particularly effective for the reduction of prochiral ketones and olefins in pharmaceutical and fine chemical manufacturing. Its high enantioselectivity makes it valuable in producing chiral alcohols and intermediates used in active pharmaceutical ingredients. Commonly employed in homogeneous catalysis under mild pressure and temperature conditions, offering good turnover numbers and compatibility with functional groups.