This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, allylic alkylation, and cyclopropanation. Its ability to induce chirality makes it valuable in the production of enantiomerically pure pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, including polymers and catalysts, where precise stereochemical control is essential. Its stability and efficiency in coordinating with transition metals also make it a preferred choice in organometallic chemistry for creating complex molecular structures.