This compound is primarily used as a chiral ligand in asymmetric synthesis, facilitating the production of enantiomerically pure compounds in pharmaceutical and fine chemical industries. It is particularly effective in catalyzing asymmetric reactions such as hydrogenation, carbon-carbon bond formation, and oxidation, which are critical for synthesizing active pharmaceutical ingredients (APIs) with high enantioselectivity. Additionally, it finds application in the development of chiral catalysts for organic transformations, enhancing the efficiency and selectivity of complex chemical processes. Its robust structure and chiral properties make it valuable in research and industrial settings for creating optically active molecules.