This chemical is primarily used as a ligand in transition metal catalysis, particularly in asymmetric synthesis and cross-coupling reactions. Its unique structure, featuring a chiral backbone and diphenylphosphino groups, makes it highly effective in facilitating enantioselective transformations. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where precise control over stereochemistry is crucial. Additionally, its stability and ability to form strong complexes with metals like palladium and rhodium make it valuable in industrial processes for producing complex organic molecules with high selectivity and efficiency.