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 hydrogenation, where it helps produce chiral molecules with high enantiomeric purity, essential in the synthesis of pharmaceuticals and fine chemicals. Its application extends to carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation and cross-coupling reactions, enabling the production of complex organic compounds with precise stereochemistry. Additionally, it is employed in the synthesis of chiral ligands and catalysts, further expanding its utility in organic synthesis and industrial processes.