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 chirality is essential. Additionally, it is employed in academic research to develop and optimize new catalytic processes, contributing to advancements in organic synthesis and material science.