This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are important in the production of pharmaceuticals and fine chemicals. Its ability to induce high enantioselectivity makes it valuable in creating active pharmaceutical ingredients (APIs) with specific stereochemistry. Additionally, it is employed in the development of advanced materials and organic synthesis, where precise control over molecular structure is essential. Its application extends to research in organometallic chemistry, aiding in the study of catalytic mechanisms and the design of new catalysts.