Used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions to produce enantiomerically pure compounds. Its structure enables high stereoselectivity, making it valuable in the synthesis of pharmaceutical intermediates where specific stereochemistry is required. Commonly employed in the preparation of bioactive molecules, including drugs targeting central nervous system disorders and anti-inflammatory agents. Also utilized in organocatalytic transformations due to its ability to form stable complexes with transition metals, enhancing catalytic efficiency and product yield.