This chemical is widely used as a ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, allylic alkylation, and cross-coupling reactions. Its chiral structure allows for the production of optically active compounds, which are essential in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in the development of novel catalytic systems for organic synthesis, enhancing both efficiency and selectivity in complex reactions.