This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is significant in the pharmaceutical industry, where it aids in the production of chiral drugs with high enantiomeric purity. Additionally, it is employed in academic research for developing new methodologies in organic synthesis and studying chiral induction mechanisms. Its robust structure and high stereoselectivity make it a valuable tool in advanced chemical synthesis.