This chemical 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 reactions, such as hydrogenation, carbon-carbon bond formation, and oxidation processes, where it helps produce chiral molecules with high selectivity. Its application is especially prominent in the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry for efficacy. Additionally, it is utilized in research and development to explore new catalytic pathways and improve the efficiency of existing synthetic methods.