Used extensively in organic synthesis as a chiral ligand in asymmetric catalysis, particularly in reactions like hydrogenation and carbon-carbon bond formation. Its unique structure enhances enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it serves as a key intermediate in the development of advanced materials and agrochemicals, where precise stereochemical control is critical. Its application in asymmetric synthesis contributes to the efficient and sustainable production of complex molecules.