This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as asymmetric hydrogenation, to produce optically active compounds with high enantiomeric purity. Its application extends to the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where the control of stereochemistry is essential for efficacy and safety. Additionally, it can be used in the preparation of chiral catalysts and as a building block for more complex chiral frameworks in organic synthesis.