This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its structure, featuring multiple stereocenters and aromatic groups, makes it highly effective in coordinating with metal catalysts, such as rhodium or iridium, to facilitate the formation of chiral products. It is often employed in hydrogenation reactions, where it helps produce enantiomerically pure compounds, which are valuable in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds use in academic research for developing new asymmetric methodologies and studying chiral induction mechanisms. Its robust and sterically demanding nature ensures high selectivity and efficiency in complex organic transformations.