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 high specificity and reduced side effects. Its application extends to the production of fine chemicals and agrochemicals, where precise stereochemistry is required. The compound's robust structure and high enantioselectivity make it a preferred choice for complex catalytic processes, enhancing the efficiency and yield of target molecules.