This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, allylic alkylation, and cyclopropanation. Its unique structure allows it to coordinate with transition metals, forming complexes that enhance the stereochemical control of reactions. This makes it valuable in the production of pharmaceuticals, where achieving specific enantiomers is crucial for drug efficacy and safety. Additionally, it is employed in the synthesis of fine chemicals and advanced materials, where precise stereochemistry is required. Its application extends to academic research, where it serves as a tool for developing new catalytic methodologies.