This compound is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic hydrogenation reactions. It plays a crucial role in the production of enantiomerically pure compounds, which are essential in the pharmaceutical industry for creating drugs with high specificity and reduced side effects. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and fine chemicals, where precise stereochemical control is required. Its application extends to the development of catalysts for various organic transformations, enhancing efficiency and selectivity in chemical processes.