This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is highly effective in facilitating asymmetric hydrogenation, carbon-carbon bond formation, and other transformations, making it valuable in the production of pharmaceuticals and fine chemicals. Its ability to induce high enantiomeric excess in products is particularly beneficial in the synthesis of chiral drugs, where the desired biological activity often depends on the correct stereochemistry. Additionally, it is employed in the development of chiral catalysts and materials for advanced research in organic chemistry.