This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in reactions such as hydrogenation, carbon-carbon bond formation, and oxidation processes. Its unique structure enables it to induce high enantioselectivity, making it valuable in the synthesis of pharmaceuticals and fine chemicals. Additionally, it serves as a key component in the preparation of chiral catalysts and materials for organic electronic devices. Its ability to form stable complexes with transition metals further enhances its utility in developing advanced catalytic systems.