Widely used as a chiral ligand precursor in asymmetric catalysis, particularly in transition-metal-catalyzed reactions. It plays a key role in enantioselective transformations such as asymmetric hydrogenation and cross-coupling reactions, where high enantioselectivity is required. Its structural features allow for effective stereocontrol, making it valuable in the synthesis of complex organic molecules, including pharmaceutical intermediates and natural products. The compound is especially effective when coordinated with palladium or rhodium, enhancing catalytic efficiency and selectivity in C–C and C–heteroatom bond formation.