This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It facilitates the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for developing drugs with specific biological activities. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, where high enantioselectivity is required. Its unique structural properties make it highly effective in controlling the stereochemistry of complex organic reactions, leading to improved yields and reduced by-products.