Used as a chiral ligand in asymmetric synthesis, particularly in catalytic hydrogenation reactions to produce enantiomerically pure compounds. It plays a critical role in pharmaceutical manufacturing, enabling the synthesis of chiral drugs with high selectivity and efficiency. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise stereochemical control is essential. Its application extends to academic research in exploring new catalytic processes and understanding stereochemistry in organic reactions.