Widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions such as hydrogenation, carbon-carbon bond formation, and carbon-heteroatom bond formation. Its ability to induce chirality in products makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. It is often employed in the production of enantiomerically pure compounds, enhancing the efficiency and selectivity of catalytic processes. Additionally, it serves as a key component in the development of advanced materials and complex organic molecules with specific stereochemical requirements.