This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, allylic alkylation, and cyclopropanation, to induce high enantiomeric excess in the final products. Its robust structure and ability to form stable complexes with metals like rhodium, iridium, and palladium make it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is used in academic and industrial research to develop new methodologies for asymmetric catalysis, contributing to advancements in synthetic organic chemistry.