Used as a chiral ligand in asymmetric synthesis, particularly in catalytic hydrogenation and transfer hydrogenation reactions. It is valuable in the production of enantiomerically pure compounds, which are essential in pharmaceuticals, agrochemicals, and fine chemicals. Its role in asymmetric catalysis helps achieve high selectivity and efficiency in the synthesis of complex molecules. Additionally, it is employed in the preparation of chiral catalysts and as a resolving agent for racemic mixtures.