Widely used in organic synthesis as a chiral ligand, it facilitates 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 component in the development of advanced materials, such as liquid crystals and polymers, where precise stereochemistry is crucial. Its application extends to agrochemical research, aiding in the synthesis of chiral pesticides and herbicides with improved efficacy and reduced environmental impact.