This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in organic synthesis. It plays a crucial role in enantioselective reactions, such as hydrogenation, carbon-carbon bond formation, and oxidation processes, where high selectivity and efficiency are required. Its application is prominent in the pharmaceutical industry for synthesizing chiral drugs and intermediates, ensuring the production of optically pure compounds. Additionally, it is utilized in the development of advanced materials and fine chemicals, where precise stereochemical control is essential. Its robust structure and ability to form stable complexes with transition metals make it a valuable tool in catalytic systems.