Used as a chiral ligand in asymmetric synthesis, this compound plays a crucial role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals where stereochemistry is critical. Its application extends to catalysis in organic transformations, such as hydrogenation and carbon-carbon bond formation, enhancing the efficiency and selectivity of these processes. Additionally, it serves as a building block in the development of complex molecular structures, aiding in the study of chiral environments and their impact on chemical reactivity.