This chemical is widely utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Its application extends to transition metal catalysis, where it enhances the efficiency and selectivity of reactions such as hydrogenation, hydroformylation, and cross-coupling. Additionally, it is employed in the synthesis of complex natural products and bioactive compounds, contributing to advancements in medicinal chemistry and drug development. Its ability to induce high enantiomeric purity makes it a preferred choice in the development of optically active substances.