This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in facilitating the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs). Its robust structure and ability to induce high enantioselectivity make it a preferred choice for creating chiral centers in complex molecules. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, where precise stereochemistry is essential for desired biological activity. Its application extends to academic research for developing new catalytic processes and exploring novel synthetic pathways.