This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are important in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application is prominent in hydrogenation reactions, where it helps achieve high enantioselectivity and yield. Additionally, it is utilized in cross-coupling reactions and other transformations that require precise control over stereochemistry. Its effectiveness in creating chiral centers makes it a valuable tool in the development of active pharmaceutical ingredients (APIs) and other complex organic molecules.