This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. It plays a crucial role in enantioselective hydrogenation reactions, where it helps produce chiral molecules with high selectivity. Its application is significant in the production of active pharmaceutical ingredients (APIs), ensuring the desired enantiomer is obtained with high purity. Additionally, it is employed in cross-coupling reactions, facilitating the formation of carbon-carbon and carbon-heteroatom bonds in complex organic molecules. Its stability and efficiency make it a valuable tool in organic synthesis, enabling the development of advanced materials and compounds with precise stereochemistry.