This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a crucial role in facilitating the formation of chiral centers in organic molecules, which is essential for producing pharmaceuticals, agrochemicals, and fine chemicals with high enantiomeric purity. Its unique structure allows it to effectively coordinate with transition metals, such as rhodium or iridium, to form catalysts that drive asymmetric hydrogenation, cyclization, and other stereospecific reactions. This makes it valuable in industries where precise control over molecular chirality is critical for the efficacy and safety of the final product.