This chemical is primarily used as a ligand in transition metal catalysis, particularly in asymmetric synthesis and cross-coupling reactions. Its unique structure, featuring a chiral backbone and diphenylphosphino groups, makes it highly effective in facilitating enantioselective transformations. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where precise control over stereochemistry is crucial. Additionally, it has shown utility in hydrogenation and hydroformylation reactions, contributing to the production of high-value organic compounds. Its stability and selectivity make it a valuable tool in advanced organic synthesis.