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 synthesis, enabling the production of optically active compounds with high selectivity. Its application is prominent in hydrogenation, carbon-carbon bond formation, and other key transformations in organic synthesis. The compound is especially valuable in the pharmaceutical industry for creating chiral intermediates and active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it is utilized in academic research to develop novel catalytic processes and study stereochemistry.