This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a critical role in enantioselective hydrogenation, where it helps produce chiral molecules with high optical purity. Its application is prominent in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where achieving specific stereochemistry is essential. Additionally, it is utilized in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to create complex organic compounds with high selectivity. Its robust structure and ability to induce chirality make it a valuable tool in organic synthesis and industrial processes.