This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring bulky tricyclohexylphenyl groups, makes it highly effective in inducing enantioselectivity in various organic transformations. It is commonly employed in asymmetric hydrogenation reactions, where it helps produce chiral molecules with high enantiomeric purity. This is particularly valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where the stereochemistry of the product is critical for biological activity. Additionally, its stability and robustness under reaction conditions make it a preferred choice for industrial applications requiring high precision and efficiency in chiral synthesis.