Used as a chiral ligand in asymmetric synthesis, it facilitates the formation of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals and fine chemicals. Its application extends to catalyzing stereoselective reactions, such as aldol additions and Diels-Alder reactions, ensuring high enantioselectivity and yield. This makes it valuable in the development of drugs and bioactive molecules with specific stereochemical requirements. Additionally, it is employed in academic research to study and optimize asymmetric catalytic processes.