Used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, carbon-carbon bond formation, and oxidation processes. It is highly effective in producing enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the development of drugs with specific stereochemistry. Additionally, it finds application in the synthesis of complex organic molecules, where its ability to induce chirality enhances the efficiency and selectivity of the reaction.