This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its unique structure allows it to form stable complexes with transition metals, making it effective in asymmetric hydrogenation, carbon-carbon bond formation, and other stereospecific transformations. It is also employed in the synthesis of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is essential. Additionally, it serves as a key component in the development of chiral catalysts for organic synthesis, contributing to advancements in the production of optically active compounds.