Widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its effectiveness in controlling stereochemistry makes it valuable for creating complex molecules with high precision. Additionally, it is employed in the development of new catalytic processes for organic transformations, enhancing both efficiency and selectivity in industrial applications.