This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of chiral molecules with high optical purity. Applications include hydrogenation, carbon-carbon bond formation, and other transformations in pharmaceutical and fine chemical industries. Its ability to induce chirality in products makes it valuable for synthesizing active pharmaceutical ingredients (APIs) and intermediates with specific stereochemistry. Additionally, it is employed in research and development to explore new catalytic processes and optimize reaction conditions for improved selectivity and efficiency.