Used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions like hydrogenation and transfer hydrogenation. It helps in producing enantiomerically pure compounds, which are crucial in pharmaceuticals for creating drugs with specific biological activity. Also employed in the preparation of chiral catalysts for organic transformations, enhancing the efficiency and selectivity of chemical processes. Its application extends to the synthesis of fine chemicals and intermediates in agrochemicals and specialty materials.