This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a significant role in the formation of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for producing drugs with specific desired activities. The compound is often employed in metal-catalyzed reactions, such as hydrogenation, where it helps achieve high enantioselectivity. Additionally, it is utilized in the synthesis of complex organic molecules, aiding in the development of advanced materials and fine chemicals. Its sterically demanding structure makes it effective in controlling the stereochemistry of the reaction products.