This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective hydrogenation, where it helps produce chiral molecules with high optical purity, essential in the synthesis of pharmaceuticals and fine chemicals. Its application extends to carbon-carbon bond-forming reactions, such as Suzuki-Miyaura and Heck couplings, enabling the creation of complex organic compounds with precise stereochemistry. Additionally, it is employed in the synthesis of chiral ligands and catalysts, further enhancing its utility in asymmetric synthesis. Its robust structure and excellent chiral induction make it a valuable tool in organic and medicinal chemistry research.