This compound is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is effective in facilitating the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its robust structure and ability to induce high enantiomeric excess (ee) in reactions such as hydrogenation, cross-coupling, and cycloaddition make it a preferred choice in industrial and academic research. Additionally, it is employed in the development of advanced materials, including liquid crystals and polymers, where precise stereochemical control is essential.