This chemical is primarily utilized in the field of organic synthesis, particularly as a ligand in catalytic processes. Its unique structure makes it effective in stabilizing metal complexes, which are often employed in asymmetric catalysis. This is especially valuable in the production of chiral compounds, which are crucial in the pharmaceutical industry for the synthesis of enantiomerically pure drugs. Additionally, it finds application in polymerization reactions, where it aids in controlling the molecular weight and stereochemistry of polymers, enhancing their physical and chemical properties. Its robust framework also makes it suitable for use in high-temperature and high-pressure environments, ensuring consistent performance in industrial-scale chemical processes.