Used extensively in asymmetric synthesis, this compound serves as a chiral ligand or catalyst in various organic reactions, including hydrogenation, carbon-carbon bond formation, and oxidation processes. Its unique structure enhances enantioselectivity, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. It is also employed in the development of chiral materials for advanced applications in optics and electronics. Additionally, it plays a role in research focused on stereochemistry and the synthesis of complex molecules with high precision.