This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enabling the synthesis of enantiomerically pure compounds, which are essential in the pharmaceutical industry for producing drugs with high stereoselectivity. Its application extends to hydrogenation, cross-coupling, and other carbon-carbon bond-forming reactions, where it enhances the efficiency and selectivity of the catalytic process. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to innovations in organic synthesis and industrial chemistry.