This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the production of pharmaceuticals, enabling the synthesis of enantiomerically pure compounds. Additionally, it is employed in the development of catalysts for hydrogenation and transfer hydrogenation reactions, which are essential in creating fine chemicals and active pharmaceutical ingredients (APIs). Its stereochemical properties make it valuable in organic chemistry research for designing and optimizing chiral catalysts.