Used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions like hydrogenation, cross-coupling, and allylic alkylation. It helps in producing enantiomerically pure compounds, which are crucial in pharmaceuticals for creating drugs with specific biological activity. Also employed in the synthesis of fine chemicals and agrochemicals, enhancing the efficiency and selectivity of the processes. Its application in asymmetric catalysis is vital for developing high-value chiral intermediates.