This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective hydrogenation, carbon-carbon bond formation, and other transformations where high stereochemical control is required. Its application is prominent in the pharmaceutical industry for the synthesis of chiral drugs and intermediates, ensuring the production of single enantiomers with high purity. Additionally, it is utilized in academic research to develop new catalytic methodologies and explore novel asymmetric reactions. Its robust structure and high selectivity make it a valuable tool in organic synthesis.