This compound is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where precise stereochemistry is crucial for efficacy and safety. Additionally, it is employed in organic synthesis to facilitate complex transformations, such as carbon-carbon bond formations, with high enantioselectivity. Its robust structure and ability to coordinate with various metals make it a versatile tool in advanced chemical research and industrial processes.