This chemical 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 preparation of metal complexes that serve as catalysts in various organic transformations, enhancing the efficiency and selectivity of these processes. Its application extends to the synthesis of fine chemicals and agrochemicals, where precise stereochemistry is critical for optimal performance.