This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is prominent in the synthesis of pharmaceuticals, where achieving high enantiomeric purity is critical. Additionally, it is utilized in the production of fine chemicals and agrochemicals, where precise stereocontrol is essential for desired activity and efficacy. Its stability and efficiency make it a valuable tool in organic synthesis for creating complex chiral molecules.