Widely used as a chiral catalyst in asymmetric synthesis, particularly in hydrogenation reactions of prochiral ketones and olefins. It enables high enantioselectivity in the production of optically active compounds, making it valuable in pharmaceutical manufacturing where specific enantiomers are required for drug efficacy and safety. Commonly applied in the synthesis of fine chemicals and intermediates, especially in routes requiring asymmetric transfer hydrogenation under mild conditions. Its binaphthyl backbone and chiral phosphine ligands enhance stereocontrol, offering reliable performance in both academic and industrial settings.