Used as a chiral ligand in asymmetric synthesis, it facilitates the formation of enantiomerically pure compounds, crucial in pharmaceutical manufacturing. It is also employed in catalytic processes, particularly in hydrogenation and carbon-carbon bond-forming reactions, enhancing selectivity and efficiency. Additionally, it serves as a building block in the development of complex organic molecules, aiding in the creation of drugs and agrochemicals. Its structural properties make it valuable in research focused on stereochemistry and reaction mechanisms.