This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where stereoselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce enantiomerically pure compounds, which are essential in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Its unique structure and stereochemistry enable it to induce high enantioselectivity, making it valuable for creating complex molecules with specific chiral centers. Additionally, it may be used in the development of advanced materials and fine chemicals where precise control over molecular architecture is required.