This compound is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, transfer hydrogenation, and C-C bond formation. Its effectiveness in inducing enantioselectivity makes it valuable in the production of pharmaceuticals, where the creation of specific enantiomers is crucial for drug efficacy and safety. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, where precise stereochemical control is required. Its role in facilitating high-yield, stereospecific reactions contributes significantly to advancements in synthetic organic chemistry.