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 selectivity, which are essential in pharmaceuticals and fine chemicals. Its application extends to carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation and hydroformylation, where it ensures the formation of products with specific stereochemistry. Additionally, it is employed in the synthesis of complex organic compounds, contributing to the development of advanced materials and bioactive molecules.