Widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in the synthesis of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its ability to induce high enantioselectivity makes it valuable in creating complex molecules with specific stereochemistry. Additionally, it is employed in the development of advanced materials and catalysts for organic transformations, enhancing efficiency and selectivity in industrial processes.