This compound is primarily utilized in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in producing chiral molecules, which are crucial in the pharmaceutical industry for the synthesis of enantiomerically pure drugs. The ruthenium complex facilitates the transfer of hydrogen atoms to prochiral substrates, enabling the formation of specific enantiomers with high selectivity. Its application extends to the production of fine chemicals and intermediates, where precise stereochemical control is essential. Additionally, it is employed in organic synthesis for the development of complex molecular structures with defined chiral centers, enhancing the efficiency and selectivity of synthetic routes.