This compound is widely used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. It plays a crucial role in enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other key reactions where high enantiomeric purity is required. Its structural design allows for efficient coordination with transition metals, enabling the production of optically active compounds with high selectivity. This makes it valuable in the development of drugs, agrochemicals, and other biologically active molecules where chirality is critical for efficacy and safety. Additionally, it is employed in academic and industrial research to explore new catalytic processes and optimize existing methodologies.