Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective hydrogenation reactions. It is particularly effective in the synthesis of chiral pharmaceutical intermediates and fine chemicals where high enantiomeric excess is required. Its structure allows strong coordination to transition metals like rhodium and ruthenium, enhancing catalytic activity and stereocontrol. Common applications include the production of optically active amino acids, amines, and other bioactive molecules in both academic research and industrial settings.