This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the production of pharmaceuticals, agrochemicals, and fine chemicals by enabling the synthesis of chiral molecules with high optical purity. Its application extends to metal-catalyzed reactions such as hydrogenation, oxidation, and cross-coupling reactions, where it enhances the efficiency and selectivity of the process. Additionally, it is employed in the development of chiral catalysts and materials for advanced research in organic chemistry.