Used extensively 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 vital in the pharmaceutical industry for producing active ingredients with high stereoselectivity. Its application is also significant in the development of fine chemicals and agrochemicals, where precise control over molecular configuration is essential. The ligand's unique structure enhances catalytic efficiency and selectivity, making it a valuable tool in organic synthesis.