This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It facilitates the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with high stereoselectivity. Its application extends to the synthesis of fine chemicals and agrochemicals, where precise control over molecular configuration is essential. The compound's robust structure and effectiveness in inducing chirality make it a valuable tool in organic synthesis, enabling the development of complex molecules with high enantiomeric excess.