This chemical is 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 pharmaceutical industry for producing drugs with specific stereochemistry. Its application extends to the production of fine chemicals and agrochemicals, where precise control over molecular structure is required. The compound's stability and efficiency in catalytic processes make it a valuable tool in organic synthesis, enabling the creation of complex molecules with high enantioselectivity.